Elis continues the consolidation of its network with the acquisition of Ernst in Germany
19 December 2024 - 5:00PM
UK Regulatory
Elis continues the consolidation of its network with the
acquisition of Ernst in Germany
Elis continues the consolidation of its
network with the acquisition of Ernst in Germany
Saint-Cloud, 19 December 2024 –
Elis, the global leader in circular services at work, today
announces the acquisition of 100% of Wäscherei Ernst Gmbh
(« Ernst ») in Germany.
With its two laundries located in Erbach, in the
Baden-Württemberg region, Ernst services the entire Southern region
of Germany as well as Northwest Austria. The Group, which delivered
c. €17 million revenue in 2023, offers rental-maintenance services
in Flat linen primarily for Hospitality and Healthcare
customers.
Ernst currently employs c.120 people; its
management team will remain in place and will continue to grow the
business. This new acquisition strengthens the Elis network in
Germany, notably in Hospitality, a particularly dynamic market in
the country. The acquisition will be consolidated in the Financial
Statements from January 1, 2025
About Elis
As the leader in circular services, thanks to a
rental-maintenance model optimized by traceability technologies,
Elis innovates every day. In its 30 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
Contacts
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
- Elis continues the consolidation of its network with the
acquisition of Ernst in Germany
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