Elis Expands its Reach in Germany with New Acquisition Deal
Elis Expands its Reach in Germany with New Acquisition Deal
Elis, a global leader in circular services, has taken a significant step in its expansion strategy by acquiring 100% of Larosé GmbH and Mitteldeutsche Wäscherei GmbH.
The acquisition marks a vital addition to Elis's operations in Germany, particularly enhancing its service delivery in the eastern regions, including Berlin and Schönebeck. Larosé is known for its comprehensive laundry services, primarily catering to the healthcare sector which is crucial for ensuring hygiene and overall well-being.
Strengthening Operations in Key Markets
This strategic move to acquire Larosé is pivotal as it consolidates Elis's operations in a market where they previously had no laundry services. With two laundries already in operation, this acquisition not only broadens their service reach but also increases their workforce by around 145 employees.
Elis, with its commitment to innovation through optimized rental-maintenance models, continues to explore new opportunities to serve customers better. The addition of Larosé to their portfolio answers the growing demand for quality rental and laundry services in various sectors.
Financial Impact and Growth Potential
In 2024, Larosé generated approximately 13 million euros in revenue, showcasing its robust position in the market. Post-acquisition, the company will be integrated into Elis’s financial documents starting November 1, ensuring that the financial benefits of this acquisition are promptly realized.
The integration of Larosé into Elis's structure promises to create sustainable growth and improved profitability, supporting Elis’s mission of providing circular services while simultaneously achieving environmental objectives.
About Elis and Its Leadership in Circular Services
Elis operates in 31 countries, providing specialized services that ensure customer satisfaction in protection, hygiene, and well-being. Through its sustainable business practices and innovative traceability technologies, Elis not only meets the diverse needs of its customers but also addresses critical environmental concerns.
Elis’s unique expertise in operational management and its commitment to facilitating growth across various sectors establish it as a reliable partner for businesses seeking a partner in circular services.
Contact Details
Nicolas Buron
Director of Investor Relations, Financing & Treasury
Phone: +33 (0)1 75 49 98 30 - nicolas.buron@elis.com
Charline Lefaucheux
Investor Relations
Phone: +33 (0)1 75 49 98 15 - charline.lefaucheux@elis.com
Frequently Asked Questions
What companies did Elis acquire in Germany?
Elis acquired 100% of Larosé GmbH and Mitteldeutsche Wäscherei GmbH, enhancing its presence in Germany.
How does this acquisition benefit Elis?
This acquisition strengthens Elis's operational footprint in eastern Germany, particularly in key urban centers like Berlin.
What services does Larosé provide?
Larosé specializes in laundry services for the healthcare sector, offering a range of rental and laundry solutions.
What are the financial implications of this acquisition?
Larosé generated around 13 million euros in revenue in 2024 and will contribute positively to Elis’s financial performance starting November 1.
What is the role of Elis in environmental sustainability?
Elis integrates innovative solutions to meet customer needs while addressing environmental objectives, promoting sustainable practices across its operations.
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