Elis announces the signing of an agreement for the acquisition of Moderna Holding BV in the Netherlands
January 10 2024 - 12:00AM
Elis announces the signing of an agreement for the acquisition of
Moderna Holding BV in the Netherlands
Elis announces the signing of an
agreement for the acquisition of Moderna Holding BV in the
Netherlands
Saint-Cloud, 10 January 2024 –
Elis, the global leader in circular services at work, today
announces the signing of an agreement to acquire 100% of Moderna
Holding BV (« Moderna ») in the Netherlands. The closing
of the transaction is expected to occur before the end of Q1 2024,
subject to the standard regulatory reviews.
Moderna operates a very modern plant that will
become one of the largest plants of the Group. The plant is located
in the North-Eastern region of the country, close to the German
border, and can address the entire Dutch territory thanks to 2
supply centers. Moderna employs around 400 people. It provides Flat
linen, Workwear, and Hygiene & Well-being services to clients
in the Hospitality, Industrial, and Trade & Services
industries. 2023 revenue is expected to be close to €50m.
This acquisition will complement Elis’ existing
network in the Netherlands, especially in the buoyant Workwear
market, and will allow the Group to address the Flat linen market,
which was not the case until now.
Commenting on this announcement, Xavier
Martiré, CEO of Elis, said:
« The acquisition of Moderna will broaden
the Group’s offering in the Netherlands, especially in Flat linen
for Hospitality. This market, which is still very fragmented in the
country, is showing significant growth. In addition, this operation
will strengthen the existing offer of the Group on the Workwear and
Wipers markets, which are very profitable. We are pleased to
welcome the Management of Moderna and its 400 employees, to Elis.
»
About Elis
As the leader in circular services, thanks to a
rental-maintenance model optimized by traceability technologies,
Elis innovates every day. In its 29 countries, Elis meets the needs
of its customers in terms of protection, hygiene, and well-being,
while assisting them in achieving their environmental objectives.
With unique operational know-how and a profitable organic growth
profile, Elis creates sustainable value for its shareholders,
customers, employees, and the environment.
https://fr.elis.com/en
Contact
Nicolas BuronDirector of Investor Relations,
Financing & TreasuryPhone: +33 1 75 49 98 30 -
nicolas.buron@elis.com
- 20240110 - Elis announces the signing of an agreement for the
acquisition of Moderna Holding BV in the Netherlands
Elis (EU:ELIS)
Historical Stock Chart
From Apr 2024 to May 2024
Elis (EU:ELIS)
Historical Stock Chart
From May 2023 to May 2024