Pirelli RE acquires facility management firm

Pirelli RE has acquired Ingest Facility, a facility management company, for EUR 50 mln, the Italian real estate giant has announced in a press release. Pirelli RE Facility Management, a subsidiary of Pirelli RE, has been awarded the bidding for Ingest Facility, a listed company owned by the Fiat Group, on December 15. The price for the acquisition was of the order of EUR 50 mln, including EUR 17 mln for the cash reserves and EUR 33 mln of enterprise value, Pirelli RE said.

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