Elis Expands in Spain with Carsan Acquisition
Deal News | Nov 28, 2024 | Globenewswire
Elis, a leader in circular services at work, has announced the acquisition of Carsan Renting & Laundry, S.L. and Alquitex Renting Textil, S.L., collectively known as Carsan, based in Spain. Carsan is a specialist provider serving high-end hospitality clients in the Madrid region and generated approximately EUR 8 million in revenue in 2023. The acquisition allows Elis to reinforce its presence in the Spanish market while retaining Carsan's current management team to continue driving growth. With its extensive experience across 30 countries, Elis aids its customers' protection, hygiene, and environmental goals through innovative rental-maintenance services facilitated by advanced traceability technologies. This strategic acquisition underscores Elis's commitment to creating sustainable value, showcasing its capability for profitable organic growth while fostering environmental stewardship.
Sectors
- Textile Services
- Hospitality
Geography
- Spain – The acquisition of Carsan occurs within the Spanish market, specifically targeting clients in the Madrid region.
- France – Elis is headquartered in France, making it a relevant geography.
Industry
- Textile Services – The acquisition of Carsan, a company providing textile services, is a key focus, making this industry relevant.
- Hospitality – Carsan primarily serves clients in the hospitality sector, connecting this industry to the article.
Financials
- €8 million – The revenue of Carsan in 2023 prior to its acquisition by Elis.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Elis | Acquiring Company | Company | Elis is a global leader in circular services at work, providing rental-maintenance services across multiple industries. |
| Carsan Renting & Laundry, S.L. | Target Company | Company | Carsan specializes in textile services for high-end hospitality clients in the Madrid region. |
| Alquitex Renting Textil, S.L. | Target Company | Company | Part of the acquisition alongside Carsan Renting & Laundry. |
| Nicolas Buron | Director of Investor Relations, Financing & Treasury | Person | Contact at Elis for investor relations. |