Ferrovial has sold its remaining 24.78% stake in Serveo, its former services unit, to the Portobello fund – which in 2022 had already bought the other 75% for €220 million – making the Spanish management company the sole shareholder with 100% of the shares.
With this transaction, FER completes its exit from the services business in Spain, as part of its strategy to focus on its core business, the development and operation of infrastructures. For its part, Portobello argues that Serveo has grown “significantly” in the last two years, during which it has also acquired the complementary businesses of Sacyr Facilities and Grupo Jáuregui.
The integration of Sacyr’s services area alone brought an additional turnover of more than €400 million to the company, bringing the total number of Serveo employees to 47,000, one of the largest employers in Spain.
Serveo is dedicated to the provision of comprehensive maintenance services in industry, facility management (cleaning and general maintenance), management of non-medical services in hospitals, energy management of buildings and maintenance of transport infrastructures.
