Thursday 29 December 2011

Serco acquires Mubadala subsidiary - bi-me.com

Serco announced today that, to meet the increasing demand for complex facilities management services, it has acquired JBI Properties Services Company LLC (JBI).

Prior to the sale, JBI, which specialises in integrated facilities management services, was a wholly owned subsidiary of Mubadala Development Company PJSC (Mubadala).

The acquisition will build on Serco’s existing Facilities Management capabilities in the UAE which include the successful operation of Dubai Metro stations and depots, the UAE University in Al Ain and New York University currently being built on Saadiyat Island in Abu Dhabi.

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