Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Newsec grows in Denmark through further acquisitions
September 21, 2018

On October 1, Salling Property Management becomes part of Newsec Property Asset Management in Denmark, adding more than 400 customers and about 40 employees. Salling has offices in Aarhus and Copenhagen and an even distribution between corporate customers and tenant-owner associations. Salling Property management reported a gross profit of DKK 22m with EBIT of DKK 1.4m in 2017. Newsec acquired the property management company Datea last year and is now second largest on the Danish market.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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