Avendra International Acquires Spanish-Based Quantum
December 19 2024 - 12:40PM
Business Wire
New Addition to the Supply -Chain Organization
Expands Global Footprint and Increases Purchasing Power
Aramark (NYSE: ARMK), a global leader in food and facilities
management, announced today that Avendra International acquired the
Quantum Cost Consultancy Group. The acquisition further enhances
the company’s position as a leading global professional procurement
and supply chain services provider, to a wide range of clients
including hotels, hospitality and leisure resorts, healthcare, and
educational institutions worldwide.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20241219109142/en/
Quantum has customer spend of nearly half a billion dollars
(converted to US currency) and has operations in Spain, Portugal,
Germany, the Netherlands, Zanzibar, Mexico, the Dominican Republic,
and Jamaica.
“We are very pleased to bring Quantum into our portfolio,” said
Autumn Bayles, Aramark’s Senior Vice President of Global Supply
Chain and Group Purchasing Organizations. “Both companies share a
similar vision and culture and adding Quantum positions us to
better globally serve not only the hotel category, but several
other hospitality markets in the Quantum geographies.”
Quantum’s associates and clients can expect a seamless
transition to Avendra International over the coming weeks. Their
CEO will continue to lead the Quantum business and operations will
remain unchanged.
“We are excited to begin our next chapter as part of Avendra
International,” said Alex Casajuana, Chief Executive Officer of
Quantum. “Our associates, clients and suppliers will not see any
changes in how the company operates and we are now better
positioned to provide stronger outcomes for our clients and
suppliers.”
Quantum manages, to varying degrees, the expense categories that
a hotel establishment might incur, including food and beverage,
housekeeping and non-consumable products, services, energy and
telecommunications, maintenance expenditures, small equipment, and
insurances.
“Our purchase of Quantum is part of our strategy to expand the
footprint of Avendra International and strengthen our purchasing
capacity in hospitality related products, services and engineering
solutions in particular,” said Ian Murphy, Aramark’s European
Senior Vice President of Supply Chain and Group Purchasing
Organizations.
In addition to hotels, Quantum also serves restaurants, gaming
establishments, and senior and youth residencies.
This purchase represents part of Aramark’s “tuck in” acquisition
strategy to position the company for continued profitable
growth.
About Avendra International
Avendra International is a leading strategic procurement and
supply chain partner to a wide range of organizations, including
hotels, hospitality and leisure resorts, healthcare, and
educational institutions worldwide. Avendra International leverages
$20.5 billion in procurement power and combines supply chain
resources backed by Aramark’s global footprint across 15 countries.
What makes us stand out is our team of local experts who are deeply
knowledgeable about the cultural, industry and sector-specific
nuances of each country we operate in. Whether clients aim to
reduce costs, boost efficiency, drive innovation, or achieve
sustainability targets, we provide the support they need to
succeed. By harnessing our tailored solutions, advanced technology,
and industry expertise, we enable organisations to thrive.
About Aramark
Aramark (NYSE: ARMK) proudly serves the world’s leading
educational institutions, Fortune 500 companies, world champion
sports teams, prominent healthcare providers, iconic destinations
and cultural attractions, and numerous municipalities in 15
countries around the world with food and facilities management.
Because of our hospitality culture, our employees strive to do
great things for each other, our partners, our communities, and the
planet. Aramark has been recognized on FORTUNE’s list of “World’s
Most Admired Companies,” The Civic 50 by Points of Light 2024,
Fair360’s “Top 50 Companies for Diversity” and “Top Companies for
Black Executives,” Newsweek’s list of “America’s Most Responsible
Companies 2024,” the HRC’s “Best Places to Work for LGBTQ
Equality,” and earned a score of 100 on the Disability Equality
Index. Learn more at www.aramark.com and connect with us on
LinkedIn, Facebook, X, and Instagram.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241219109142/en/
Chris Collom, 215-238-3593, collom-chris@aramark.com
Aramark (NYSE:ARMK)
Historical Stock Chart
From Jan 2025 to Feb 2025
Aramark (NYSE:ARMK)
Historical Stock Chart
From Feb 2024 to Feb 2025