Singapore’s YY Group acquires PFS in major facility management deal
SINGAPORE, SINGAPORE — YY Group Holding Limited has announced its acquisition of Property Facility Services Pte. Ltd. (PFS) for an undisclosed amount.
The deal is projected to generate US$28 million in revenue growth over the next three years.
Strategic integration
YY Group, a Singapore-based technology company with 770 employees and an annual revenue of US$31.77 million, specializes in intelligent labor matching and smart cleaning solutions. The company operates in Singapore and Malaysia, providing services to hotels, shopping malls, and commercial properties.
The acquisition combines PFS’s 24-year industry expertise with YY Group’s existing cleaning division and Hong Ye Group operations. PFS brings substantial experience in property management and maintenance across Singapore, enhancing YY Group’s service portfolio.
Market growth and performance metrics
The integrated facility management (IFM) market in Singapore is expected to reach US$4.25 billion by 2030, with a 3.1% CAGR from 2025-2030. Globally, the market is projected to expand from US$117.7 billion in 2023 to US$218.6 billion by 2032.
The new IFM division will focus on key performance indicators, including work order completion rate, preventative maintenance compliance, customer satisfaction, energy consumption, and space utilization rate. These metrics will ensure operational excellence and strengthen YY Group’s position in Singapore’s competitive facility management sector.
The merger creates a comprehensive IFM division offering enhanced services tailored to evolving client needs, positioning YY Group as a leading provider of integrated facility management solutions in Singapore.
