YY Group, a Singapore-based staffing firm, announced the acquisition of Property Facility Services, a firm specialising in managing and maintaining properties across Singapore.

The company said the acquisition strengthens YY Group’s position in the integrated facility Management (IFM) industry and lays the groundwork for a transformative approach to facility management services.

By integrating Property Facility Services with the company’s existing cleaning division and that of Hong Ye Group (an integrated facilities management service provider and part of the YY Group), YY Group aims to create a comprehensive IFM division capable of delivering seamless, cost-effective, and sustainable solutions to its clients.

The company said projections indicate the strategic move will drive an increase in revenue by USD 28 million over the next three years. This growth is attributed to the expanded service portfolio, operational efficiencies, and a strengthened market presence resulting from the integration.

Last month, YY Group announced the acquisition of MediaPlus Venture Group, a digital marketing and web development firm in Singapore and Malaysia.

Earlier this year, YY Group reported revenue increased by 41.0% to USD 19.2 million for the six months ended 30 June 2024.