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Elis — M&A Activity 2019
Jan 4, 2019
1280_iss_2019-01-04_0ea20299-9355-415e-9c07-63053174f33d.pdf
M&A Activity
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Elis continues its growth strategy in Denmark with the acquisition of A-Vask A/S
Saint-Cloud, January 4, 2019 – Elis, an international multi-service provider, offering textile, hygiene and facility services solutions across Europe and Latin America, is continuing its expansion strategy in its key markets and announces the closing of the acquisition of 100% of A-Vask A/S in Denmark.
A-Vask is a family business that operates two multi-service plants in Aabenraa (Southern Denmark) and Taastrup (Copenhagen area), serving customers in Hospitality and the public sector.
A-Vask A/S generated revenues of c. 8 million euros in 2017.
Commenting on this announcement, Xavier Martiré, CEO of Elis, declared:
"The acquisition of A-Vask A/S enables Elis to further expand its client portfolio in Hospitality and the public sector and strengthens its position in Denmark. The support of the two shareholders will facilitate the company's integration within the Group and the sharing of best practices. This acquisition is an illustration of our growth strategy and will contribute to the continuation of Elis' profitable growth."
Contact
Nicolas Buron Investor Relations Director – Phone: +33 1 75 49 98 30 - [email protected]
Audrey Bourgeois
Investor Relations – Phone: +33 1 75 49 96 25 - [email protected]