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Eltizam Asset Management buys Dubai FM group

DUBAI, March 10, 2021

Eltizam Asset Management Group has announced that it has acquired Fixis, a key facilities management provider in Dubai, in bid to expand its facilities management portfolio. 
 
Established in 2013, Fixis serves clients across commercial, retail, and residential properties through its key divisions - Fixis Home and Fixis Advantage. 
 
Fixis Home caters to privately-owned housing properties and offers services such as AC servicing, plumbing, electrical systems, masonry work, painting, thermographic analysis, and pool maintenance services. 
 
Fixis Advantage caters to business clients to enhance facilities for better performance and cost-efficiency. It offers energy planning, energy audits, energy systems, energy management, fit-outs, variations, sub-contract management, and third-party inspections. 
 
The acquisition, which is part of Eltizam's strategy to diverse its facilities business into multiple markets, aims to generate up to $40 million in revenue for the group.
 
With this move, Fixis joins Eltizam’s sister entities Tafawuq FM and 800TEK in broadening the group’s high standard integrated FM offering in the Mena region. 
 
Commenting on the acquisition, CEO Chris Roberts said: "This strategic acquisition will be beneficial for us in the long term. With Fixis, we will add value to our FM growth and open doors for more opportunities in one of four key focus areas: real estate facilities management. Acquiring Fixis is another step in our Acquisition activity as a built asset environment group."
 
General Manager Gagan Seth said: "We are proud to be part of the Eltizam Asset Management Group. Working with Eltizam will expand our capabilities, and with our professional staff and resources, this acquisition will enhance the facilities management services we provide."
 
"We are optimistic that this partnership will contribute to the development and expansion of the business in the region," he added.-TradeArabia News Service



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