Confirming its progress since becoming part of the Tenon Group of companies, from 3 April O&G is now trading as Tenon FM.
The name change, new brand and new web site reflects the success of the wider group that operates under the Mortice name (which is the holding company and is AIM listed as a security and FM company).
Tenon FM in the UK has revenues in excess of £42Mfollowing its acquisition in 2015 and has enjoyed continued success, particularly on the back of the £55M facilities services contract with University of Hertfordshire announced in last year, but also building on work secured in 2017. The plan now is to continue its growth, build on the momentum so far and work towards becoming a major integrated FM service provider over the next few years through organic growth and acquisitions.
In the UK, Tenon is just one part of an operation that has around 50,000 employees in operations across Asia and Europe. Up to this week there were seven brands used across three continents. The new brand – which simplifies things for employees and Tenon FM customers – is part of a strategy to establish global presence. From now onwards there will be four brands:
- Mortice Group plc – the holding company only
- Peregrine Security – our security business
- Tenon FM – all facilities management and service activities (other than stand alone security)
- Soteria – our IT driven analytics operation
Chief executive, Tim Hancock said,
“The announcement today is a natural move following the acquisition two years’ ago, and our successes as a team since then. Tenon FM is dynamic business globally and the UK operation is set to play a significant role in the wider success of the whole group. The rebrand is part of our repositioning of the company to allow us develop our FM offer.”
Manjit Rajain, chairman of Tenon FM and Mortice Group said,
“Building a strong UK FM business is critical to our plan to establish a truly global brand that builds on our work in India and Asia where we compete on a level with organisations such as CBRE and Cushman & Wakefield. We are very ambitious and we know with the team we have, the support of our customers, partners and employees we will continue to grow. We are optimistic we can share more news with the market over the next month or so confirming our aspirations.”