SUMMARY REPORT
In this era full of change and opportunities, LBS Group is delighted to announce that it has successfully completed the acquisition of Mars Brothers Technology (Beijing) Co., Ltd. on February 27, 2024. This acquisition marks a solid step forward for LBS Group in its continuous pursuit of excellence and expansion of its businesses.
Mars Brothers Technology (Beijing) Co., Ltd
Mars Brothers Technology(Beijing) Co.,Ltd. was established in November 2006 and is a national high-tech enterprise. The company specializes in the field of “Urban Pest Control Services” (PCO), and holds the ‘A-level Qualification of National Pest Control Service Institutions’ and ‘A-level Qualification of Beijing Pest Control Service Institutions’, as well as the qualifications from various local pest control enterprises in Shanghai, Guangzhou, Chongqing, and other regions. Mars Brothers has also obtained certifications of “ISO9001 Quality Management System”, “ISO14001 Environmental Management System”, and “OHSAS18001 Occupational Health and Safety Management System”.
LBS Group
Founded in Hong Kong in 1998, LBS Group is a leader in hygiene, cleaning, and pest control services in Asia. The company is committed to providing a range of pest control and hygiene solutions to customers in different industries, such as restaurant chains, hotels, office buildings, factories, retail and etc. Currently, LBS Group operates in over 30 cities across Greater China and Southeast Asia. Its high-quality products and services have earned the trust and support of customers.
In 2023, LBS Group formed a strategic partnership with Advent International, marking the beginning of the 3.0 era. Now, with the acquisition of Mars Brothers, LBS Group will further enhance its service offerings, expand market coverage, and provide customers with more comprehensive and efficient hygiene and pest control solutions.
alliance between giants
LBS Group AND Mars Brothers Technology (Beijing) Co., Ltd
Previously, Franco Lam, Chairman of LBS Group, and Dorothy Lam, Vice Chairman, together with senior management team of LBS Group met and exchanged ideas with the management of Mars Brothers.
Northwest China
South China
East China
During this period, LBS Group’s regional management team held discussions with colleagues from Mars Brothers to strengthen business connections, focusing on deepening strategic cooperation with the concept of win-win collaboration and planning for the high-quality development.
Original intention and vision of merger
The pest control market has great growth potential. The merger of LBS Group and Mars Brothers will set a new benchmark for domestic pest control companies in China and provide the highest quality pest control and hygiene services to customers in the China market.
Franco Lam,Chairman of LBS Group
Franco Lam, Chairman of LBS Group, stated, "Mars Brothers is highly respected in the industry for its exceptional technical strength and quality service. Additionally, there is significant overlap in customer bases between Mars Brothers and us, which brings evident business synergy potential to our cooperation. Through this collaboration, we can offer our customers more comprehensive and all-around services, which is an outcome we highly value and anticipate. The integration of LBS Group and Mars Brothers will bring new vitality and growth opportunities to both brands, further solidifying our competitive advantage in the market.”
Ma Jun, Founder of Mars Brothers
Ma Jun, Founder of Mars Brothers, emphasized, “Through this acquisition, we can further strengthen our technological capabilities and service coverage, leverage our respective strengths, integrate high-quality teams and resources, and enhance our group’s competitive capabilities. The Mars Brothers brand will also gain new development opportunities within LBS Group, ensuring the longevity of the brand.”
Draw a blueprint together
The strategic cooperation between LBS Group and Mars Brothers will promote new development in the pest control industry. Together, they will build an ecosystem with innovation, collaboration, and win-win as the core, and promote joint innovation, cooperation, and win-win outcomes to achieve high-quality development and write a new chapter in the pest control industry!