In this Research Note, we examine Apleona, a leading German real estate technical services provider and facility manager, based on their recent activities, 2023 projected revenues, M&A strategy, and target markets. Based in Neu-Isenburg near Frankfurt am Main, Apleona successfully closed the merger with Gegenbauer, another German facility and real estate service provider as of July 3, 2023, creating a European industry leader with 40,000 employees in more than 30 countries and revenue of EUR 3.5 billion. Its core business is integrated facility management with a strong focus on technical building management and the markets of Germany, Austria and Switzerland. Apleona Web Site, October 2023 Apleona Investments In October 2023, Apleona completed a strategic investment in Eastway, an Irish specialist in data-driven, predictive maintenance and AI-based monitoring of assets in building operations. Founded in 2001 and headquartered in Limerick, Ireland, the technology specialist advises customers on condition-based and predictive maintenance solutions for critical assets such […]