Elis Announces Acquisition of Carsan in Spain

Deal News | Nov 28, 2024 | Globenewswire

Elis Announces Acquisition of Carsan in Spain

Elis, a global leader in circular services, has announced its acquisition of Carsan Renting & Laundry, S.L. and Alquitex Renting Textil, S.L., collectively known as Carsan, in Spain. Carsan, based in Getafe, operates primarily in the high-end hotel and restaurant sector in the Madrid region and achieved a turnover of around 8 million euros in 2023. The acquisition includes Carsan's workforce of approximately 120 employees, with their current management team remaining in place to ensure continued growth. Elis's business model, focused on optimized rental-maintenance solutions powered by traceability technologies, enables them to address client needs in protection, hygiene, and well-being while supporting environmental goals. This acquisition reflects Elis's commitment to organic growth, leveraging its operational expertise to create sustainable value for shareholders and stakeholders.

Sectors

  • Textile Services
  • Hospitality

Geography

  • Spain – This is the primary location for Carsan's business operations and the focus of the acquisition by Elis.
  • France – Elis is headquartered in France, making this geography relevant to their acquisition activities.

Industry

  • Textile Services – This industry involves companies that provide rental and laundering services for textiles and apparel, relevant due to Carsan's role in these services.
  • Hospitality – The Hospitality industry involves services related to accommodation and food services, relevant as Carsan's clientele includes high-end hotels and restaurants.

Financials

  • 8 million euros – The turnover of Carsan in 2023.

Participants

NameRoleTypeDescription
ElisAcquiring CompanyCompanyElis is a global leader in circular services, focusing on rental-maintenance solutions, operational in 30 countries.
Carsan Renting & Laundry, S.L. and Alquitex Renting Textil, S.L.Target CompanyCompanyCarsan operates in the textile renting and laundry sector, catering to high-end hospitality clients in Madrid, Spain.