Elis Explores Potential Acquisition of Vestis for Growth
Elis Shows Interest in Acquiring Vestis
Elis has recently made headlines by indicating a preliminary interest in acquiring Vestis. This strategic consideration marks a significant step for Elis, showcasing its commitment to exploring new avenues for growth and expansion.
As a company known for its strong rental-maintenance service model, Elis is recognized for its dedication to circular services. This recent move toward potential acquisition highlights the ongoing efforts of Elis to enhance its operations and better serve customers across its extensive operational footprint.
Strategic Opportunities Within Elis
Elis consistently evaluates various strategic opportunities that align with its long-term goals. However, the company has made it clear that there are no assurances that these discussions will culminate in a final agreement.
In the event that a transaction is reached, it will be consistent with Elis’ commitment to its shareholders. This approach reinforces the company’s philosophy of maintaining financial discipline throughout the acquisition process.
Financial Discipline Commitment
Elis has outlined three key commitments that will guide any potential transaction:
- Strict financial discipline regarding the acquisition price.
- Maintaining an investment-grade rating with leverage around 2.2x adjusted EBITDA in the first year and 2.0x in the second year.
- Ensuring the acquisition results in accretive earnings per share in the initial year.
About Elis
Elis stands at the forefront of circular services, leveraging innovative traceability technologies to optimize its operations. Operating in 30 countries, Elis is dedicated to meeting customer needs related to protection, hygiene, and overall wellbeing. Alongside this, the company supports clients in achieving their environmental goals, ensuring sustainable practices are at the core of its mission.
With unique operational expertise and a strong organic growth trajectory, Elis is committed to generating value not just for shareholders, but also for customers, employees, and the planet.
Contacts for More Information
For further inquiries regarding the potential acquisition and other business matters, interested parties can contact:
Nicolas Buron
Director of Investor Relations, Financing & Treasury
Phone: + 33 (0)1 75 49 98 30
Email: nicolas.buron@elis.com
Charline Lefaucheux
Investor Relations
Phone: + 33 (0)1 75 49 98 15
Email: charline.lefaucheux@elis.com
Frequently Asked Questions
What led Elis to consider acquiring Vestis?
Elis is exploring potential acquisitions as part of its strategy to enhance growth and service offerings.
What commitments does Elis have to its shareholders regarding acquisitions?
Elis is committed to maintaining financial discipline and ensuring additions are accretive to earnings per share.
How does Elis incorporate sustainability in its business model?
Elis focuses on circular services and provides solutions that help clients achieve their environmental goals.
What financial practices does Elis prioritize in potential acquisitions?
Elis aims to maintain an investment-grade rating and set leverage targets during acquisitions.
Who can be contacted for additional information about Elis?
For inquiries, Nicolas Buron and Charline Lefaucheux are key contacts at Elis.
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