Elis Strengthens Position with Wasned Acquisition in Hospitality
Elis Strengthens Its Market Presence by Acquiring Wasned
Elis has made significant strides in strengthening its operations within the hospitality sector by acquiring 100% of Laundry Services B.V., commonly known as Wasned, located in the Netherlands. This acquisition positions Elis to further expand its footprint and enhance its service offerings in a market characterized by growth and opportunity.
About Wasned and Its Operations
Wasned operates a modern facility near Utrecht and employs approximately 40 people. This strategic acquisition enhances Elis' existing network, particularly following the acquisition of another company in early 2024. The establishment predominantly serves the hospitality sector, and with a revenue of around €7 million in 2023, Wasned stands as a key player in this vibrant industry. The current management team will remain engaged, focusing on sustainable growth within the sector.
Elis: A Leader in Circular Services
Elis is renowned as a global leader in circular services, delivering innovative solutions through a rental-maintenance model that emphasizes sustainability. Operating in 30 countries, Elis caters to a diverse clientele, addressing their needs for protection, hygiene, and overall well-being. The company prides itself on its operational excellence and a commitment to helping clients achieve their environmental goals.
Innovations and Technological Advancements
Elis continually advances its operational capabilities through traceability technologies that optimize its rental-maintenance services. This approach not only enhances service delivery but also aligns with the growing demand for sustainable business practices.
The Impact of the Acquisition on the Market
The acquisition of Wasned is expected to significantly bolster Elis' position in the Dutch hospitality market. With the industry experiencing a resurgence, combining resources and expertise from both companies will be instrumental in capturing new growth opportunities.
Connections and Future Prospects
As Elis continues to invest in strategic acquisitions, it affirms its commitment to long-term growth and sustainability. The integration of Wasned into its operations marks a pivotal step toward fortifying its service offerings and expanding its customer base.
Effective Communication Channels
Elis encourages open communication for inquiries. Interested parties can contact the company via:
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 is the significance of Elis' acquisition of Wasned?
This acquisition strengthens Elis' presence in the Dutch hospitality market and expands its service capabilities.
How will Wasned's management contribute post-acquisition?
The existing management team will remain in place to focus on business development within the hospitality sector.
What revenue did Wasned generate in 2023?
Wasned reported a revenue of approximately €7 million in the year 2023.
What does Elis specialize in?
Elis specializes in circular services, primarily through a rental-maintenance model focused on hygiene and environmental sustainability.
How does Elis plan to grow in the future?
Elis is committed to strategic acquisitions and innovations to enhance its operational capabilities while addressing market needs.
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