PHM Group and DEAS join forces in Denmark
PHM Group acquires DEAS Real Estate Services (DEAS A/S) from DEAS Group, which significantly strengthens PHM’s position in Denmark. The transaction does not include DEAS Asset Management, and it is subject to approval by the Danish Competition Authority.
DEAS A/S is a Danish property management company providing services to local, regional, and international real estate investors, property owners and tenants.
With the acquisition, PHM will have the most comprehensive range of services and expertise in property maintenance and management in Denmark. Together, PHM and DEAS A/S offer sustainable and digitalised service solutions to ensure an even better service quality and customer experience.
Together, the strongest service offering on the market
“We are delighted to start our journey together with DEAS A/S. This acquisition, which is in line with our strategy, strengthens our position as a leading provider of residential property maintenance and management in Denmark, and we see many advantages in the transaction. Both companies are strongly committed to developing customer satisfaction and tailor-made solutions. Together we will be able to offer our customers a comprehensive range of maintenance and property management services throughout Denmark,” says Kasper Bygholm, CEO of PHM Denmark.
DEAS A/S was established in 1989 as a property management company owned by Danish pension funds. As part of the PHM Group, DEAS A/S strengthens its property management service offering in Denmark.
“Through this transaction, we have identified the ideal owner for DEAS A/S, bringing benefits to our employees, investors, and investors’ tenants. They can all anticipate continued dedication, expertise, and proficiency under new ownership,” says Rikke Lykke, CEO of DEAS Group.
The combined net sales of PHM Group in Denmark and DEAS A/S, based on 2023 reported figures, is approximately EUR 160 million, and the number of employees approximately 1,700.
The acquisition is expected to be completed during the second or third quarter of this year. The transaction is subject to approval by the Danish Competition Authority. The acquisition will not affect PHM’s or DEAS’s existing customer relationships.
Further information:
Kasper Bygholm, CEO, PHM Danmark ApS
kasper.bygholm@phmgroup.dk, +45 2787 0099
Camille Berner, Group Vice President, Marketing & Communications, DEAS Group
cbe@deas.dk, +45 2790 1550
DEAS A/S
DEAS A/S is a leading property service and consultancy business with over 30 years of experience. On behalf of private and institutional property investors, DEAS A/S provides financial and technical real estate management and ancillary services for a portfolio of over 2,000 properties located throughout Denmark. DEAS A/S encompasses a dedicated team of more than 900 property specialists within lease administration, facility services, project management, energy management, climate and sustainability consulting, as well as public-private partnerships (PPP).
DEAS A/S is headquartered in Copenhagen with offices in Aarhus and Aalborg.
