BIFM withdraws from industry merger talks

The British Institute of Facilities Management (BIFM) has announced that it has decided to withdraw with immediate effect from the merger discussions it had entered into with Asset Skills, CSSA and FMA.

This decision was taken at a recent BIFM Board meeting at which the potential merger was thoroughly reviewed. After careful consideration the board took the decision to withdraw from the merger discussions as it was felt that the current merger plans were not in the best interest of BIFM and its members at this time.

Gareth Tancred, chief executive of the BIFM, said: “The board’s first priority is to ensure decisions such as these are in best interest of its members. Right now it has been decided that we must focus on the delivery of our strategy and continuing our current success. This does not rule out any future discussions about merger and acquisition opportunities and nor does it rule out working with other like-minded bodies for the benefit of our members, the FM profession and the wider support services industry. Anything that serves to strengthen the representation of our industry and its services must be a good thing and BIFM wishes to support Asset Skills, CSSA and FMA and we look forward to working with them in their future endeavours. But we do not believe the involvement of BIFM in this merger is right for the institute at the current time. This is a difficult decision, but it has been taken for the best interests of our organisation and its members.”

www.bifm.org.uk

Source: http://www.cleaninghub.net/news/view/bifm-withdraws-from-industry-merger-talks