SitexOrbis is now a wholly owned subsidiary of Insite Service Management (ISM).

Insite Service Management Limited ("ISM") has today purchased the business and assets of SitexOrbis.

ISM is an investment company formed for the purpose of developing operational interests in property protection and regeneration services in the public and commercial sectors across Europe. Equity and loan capital has been provided to ISM by a consortium of five banks and fund managers.

The purchase consideration for the operating companies of SitexOrbis has been funded in cash. ISM will provide additional working capital facilities to fund the continued development of the Group’s operations.

SitexOrbis, based in Uxbridge, is a leading European professional empty property and neighbourhood improvement group, serving local authorities and registered social landlords as well as major repair and maintenance contractors and commercial clients principally in the UK, France and Germany.

In the UK, Orbis operates under the name of "Orbis Property Protection". In Europe it is better known as "Sitex". The Orbis Group companies generate a combined turnover of around £40 million and employ some 670 people.

David Walker, the newly appointed Chief executive, said: "Orbis is a cornerstone investment for ISM. ISM will provide additional working capital, which, together with renewed management energy and focus, will enable Orbis to grow its existing operations and introduce its services to a much wider range of customers in both the public and commercial sectors. ISM is absolutely committed to supporting and developing Orbis’ excellent reputation for quality of service and customer care".

For more details, please contact Mark Cosh, Sales and Marketing Director, 01895 465500.