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Servisair company history timeline

1970

1970: Company is founded by Jean-Claude Penauille as Etablissements Penauille, offering cleaning services to the Paris region.

1975

Founded in 1975 and boasting annual revenues of more than EUR 30 million, Groupe C helped boost Penauille to within reach of its closest rivals, which at the time included GSF and Abilis.

1981

The company's success in integrating this first subsidiary encouraged it to expand its network, and in 1981 the company began opening a series of branch offices.

1989

In 1989, Penauille took its first step toward achieving this expansion when it acquired a company that specialized in providing luxury printing and packaging services to the business market.

1991

The first of these came in 1991, when Penauille acquired six smaller companies.

1992

In May 1992, Fedex decided to drop its European network, which led to the closure of Flanders Airlines on 10Oct 1992

1993

Penauille continued growing in 1993, adding a new company in the south of France.

1996

In 1996, also, Penauille acquired two new cleaning services companies, once again located outside of its Paris home, strengthening the company's national reach.

1999

In 1999, Penauille played the white knight to England's Servisair Plc, which was fighting off a hostile takeover attempt by construction-turned-services group Amey Plc.

Already in 1999, the company had continued to strengthen its French presence, buying a company in Angers, which also gave it offices in the north of France.

1999: Company acquires Servisair, the leading airport services company in the United Kingdom.

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