Elis Acquires Bugadería Neutral to Expand Services in Spain
Deal News | Jun 03, 2025 | Globenewswire
Elis, a world leader in circular services, has announced the full acquisition of Bugadería Neutral, located in Catalonia, Spain. This laundry service primarily caters to the hospitality industry and employs 145 people. The acquisition will enhance Elis's offerings in Spain, and Bugadería Neutral's management will remain to continue its regional development. The company reported a turnover of approximately 12 million euros in 2024, and the acquisition will be consolidated from June 1, 2025. Elis operates in 31 countries, providing protective, hygienic, and well-being solutions, and is committed to sustainability and value creation for shareholders.
Sectors
- Laundry Services
- Circular Economy
- Hospitality Industry
Geography
- Spain – The acquisition of Bugadería Neutral is located in Catalonia, Spain, making this a significant geographic focus for the expansion of Elis's services.
- Catalonia – Bugadería Neutral operates in Catalonia, a strategic region for growth and development in the Spanish market.
Industry
- Laundry Services – This acquisition falls under the laundry services industry, particularly servicing the hospitality sector, which is Bugadería Neutral's primary market.
- Circular Economy – Elis specializes in circular services, maximizing resource efficiency and supporting sustainability, which is central to its business model.
- Hospitality Industry – Bugadería Neutral serves mainly the hotel and restaurant sector, making this industry relevant to their operations and the acquisition's impact.
Financials
- 12 million euros – The turnover achieved by Bugadería Neutral in the year 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Elis | Acquirer | Company | Elis is a global leader in circular services, providing innovative solutions across multiple countries. |
| Bugadería Neutral | Target | Company | A laundry service provider in Catalonia, primarily serving the hospitality sector. |
| Nicolas Buron | Investor Relations Director | People | Oversees investor relations, financing, and financial communication at Elis. |
| Charline Lefaucheux | Investor Relations | People | Handles communications with investors at Elis. |