mynth
← DATABASE
05/2026

Tomagruppen acquired by ISS INTERNATIONAL SERVICE SYSTEM

NORWAY Facility Management EV NOK 1–10bn

Context

ISS (International Service System) has announced the signing of a definitive agreement to acquire Tomagruppen, a Norwegian integrated facility management services provider. The transaction supports ISS’s growth strategy in the Nordic region and strengthens its position in a market increasingly driven by demand for comprehensive building management, technical services and workplace solutions. The acquisition represents a strategic step for ISS in Norway, complementing its existing presence across the Nordic markets, particularly in Sweden and Denmark. By combining Tomagruppen’s local expertise, established customer relationships and complementary service capabilities with ISS’s international platform, the transaction is expected to enhance ISS’s ability to deliver integrated solutions to a broader range of clients. The combination reflects wider trends in the facility management sector, where organisations are increasingly seeking partners capable of providing consolidated services supported by digital tools, operational efficiency and sustainability expertise. Tomagruppen’s capabilities in property services, technical maintenance and workplace solutions will strengthen ISS’s offering and create additional opportunities across corporate, public-sector and industrial customer segments. Following completion, the companies plan to implement a phased integration programme focused on aligning operational processes, optimising support functions and extending ISS’s digital capabilities across Tomagruppen’s activities. This includes leveraging asset management platforms and building analytics technologies to improve service monitoring, efficiency and customer outcomes. The transaction is expected to create a stronger Nordic facility management platform, combining broader geographic coverage, complementary expertise and enhanced capabilities to address growing demand for sustainable and technology-enabled building services.

Tomagruppen, which reported an EBITDA margin of [members only] in 2025, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, representing a discount to the average currently observed in the Business Services sector (11.4x).

-> Deep-dive in Business Services market trends

Target

Tomagruppen is a Norwegian-origin integrated facility management services provider operating across Scandinavia and selected European markets. The company supports organisations in managing, maintaining and optimising their buildings through an integrated approach combining technical expertise, operational services and support functions under a single contractual framework. Tomagruppen’s service offering covers a broad range of capabilities, including HVAC design and maintenance, electrical infrastructure management, industrial cleaning, landscaping, security services, waste handling and energy optimisation solutions. By consolidating multiple facility requirements within one provider, the company helps customers improve operational efficiency, simplify supplier management and enhance the long-term performance of their assets. The group serves a diversified customer base including commercial real estate owners, industrial companies, public sector organisations, as well as large retail and hospitality operators. Through a network of regional service centres and digital asset management solutions, Tomagruppen provides real-time monitoring, predictive maintenance capabilities and support to ensure compliance with health, safety and sustainability requirements.

Ent. Value

NOK 1–10bn

Equity Value

[members only]

Multiples

EV / Revenue

below 1.5x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (NOK)

Year
Rev
EBITDA
EBIT
2025
NOK 1–10bn
NOK 100–200M
[members only]
2024
NOK 1–10bn
NOK 100–200M
[members only]

Similar deals in Facility Management

Similar deals in Facility Management

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
06/2026INVESTCORPSMART MANAGED SOLUTIONSUNITED KINGDOMMaintenance
06/2026GIMVGROUPE CAP VERTFRANCELandscaping
05/2026LOOMISHERMES TRANSPORTES BLINDADOSPERUSecurity & Guarding
05/2026APOLLO GLOBAL MANAGEMENT / Alpine InvestorsApex Service PartnersUNITED STATESHVAC
05/2026INITIATIVE & FINANCEAIRESSFRANCEHVAC
04/2026EURAZEONETCO GROUPFRANCEMaintenance
03/2026ARCUS INFRASTRUCTURE PARTNERSWIRELESS CCTVUNITED KINGDOMSecurity & Guarding
03/2026Tiger Infrastructure PartnersOrbis ProtectUNITED KINGDOMSecurity & Guarding
03/2026ASTORGBARKENEFRANCESecurity & Guarding
02/2026CAPVEST PARTNERSTSG (TECHNICAL SERVICES GROUP)FRANCEElectrical

REFERENCES

Valuation range: EV NOK 1–10bn

Revenue range: NOK 1–10bn

EBITDA range: NOK 100–200M

EV/Revenue range: below 1.5x

EV/EBITDA range: 5x - 12x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Tomagruppen by ISS INTERNATIONAL SERVICE SYSTEM are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: tomagruppen

Acquirer: iss international service system