Page 30 - UP PR REPORT - AUGUST 2025

8/8/25, 9:19 AM ServeU Expands UAE Operations with $27Mn Strategic Acquisition - Facilities Management Middle East
Eng. Amer Khansaheb, Chief Executive Officer and Board Member of Union Properties, commented:
“This acquisition represents a pivotal step in advancing our long-term growth agenda. Integrating a leading manpower and domestic workforce
provider into our portfolio not only strengthens ServeU’s operational breadth but also reinforces our commitment to delivering integrated,
people-centric solutions that meet the evolving demands of our clients across sectors.”

House Keeping (LLC) and affiliated entities will maintain their brand identities while coming under the full ownership
and strategic direction of ServeU

How The Acquisition Benefits Both Parties
Under the terms of the acquisition, House Keeping (LLC) and affiliated entities will maintain their brand identities while coming under the full
ownership and strategic direction of ServeU. This approach is expected to ensure seamless operational continuity through ServeU’s established
infrastructure, experienced leadership, and industry partnerships.

The deal is projected to make a significant impact on ServeU’s financial performance, contributing around 23% to revenue and boosting EBITDA
by 33%. ServeU also remains focused on continued investments in innovation, sustainability, and service excellence.
This acquisition signals the company’s intent to stay at the forefront of the sector by combining manpower, technology, and integrated service
delivery for clients across all industries.

https://www.fm-middleeast.com/news/serveu-house-keeping 2/2