Elis Expands Swiss Presence with Wäscherei Bodensee Acquisition
Deal News | Jan 10, 2025 | Globenewswire
Elis, the leader in circular services, has announced its acquisition of Wäscherei Bodensee AG in Switzerland, further cementing its position in the Swiss market. Wäscherei Bodensee AG, which boasts two locations in central and eastern Switzerland, specializes in rental-maintenance laundry services, focusing on flat linen for healthcare facilities like hospitals and nursing homes, as well as the hospitality sector. Elis plans to integrate Wäscherei Bodensee's €27 million revenue from 2024 into its financials starting January 1, 2025. With a workforce of 220, Wäscherei Bodensee's management team is set to remain, steering the business forward under Elis's umbrella. Known for its innovative rental-maintenance model and traceability technology, Elis supports its clients in achieving both hygiene and sustainability goals. This acquisition aligns with Elis's strategy to expand its healthcare portfolio and strengthen its presence in Switzerland, further endorsing its commitment to creating sustainable value across its operational territories.
Sectors
- Laundry Services
- Healthcare
- Hospitality
Geography
- Switzerland – The acquisition of Wäscherei Bodensee AG strengthens Elis's operational presence in Switzerland, targeting the central and eastern regions of the country.
- France – Elis is headquartered in Saint-Cloud, France, and is expanding its services in Switzerland.
Industry
- Laundry Services – The acquisition involves Wäscherei Bodensee AG, a company operating in the laundry services sector, focusing on rental-maintenance services for healthcare and hospitality clients.
- Healthcare – Wäscherei Bodensee serves healthcare institutions, and the acquisition will expand Elis's healthcare customer portfolio.
- Hospitality – The target company provides laundry services to hospitality clients, including hotels, which is a significant component of its business.
Financials
- €27 million – The 2024 revenue generated by Wäscherei Bodensee AG, which will be integrated into Elis's financials from January 1, 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Elis | Bidding Company | Company | A global leader in circular services, specializing in rental-maintenance model optimized by traceability technologies. Elis operates in 30 countries, focusing on protection, hygiene, and environmental goals. |
| Wäscherei Bodensee AG | Target Company | Company | A Swiss company providing flat linen rental-maintenance services, primarily to the healthcare and hospitality sectors. It currently operates two laundries and employs around 220 people. |
| Nicolas Buron | Director of Investor Relations, Financing & Treasury | Person | Serves as a key contact for Elis, providing essential information regarding the company's financial and investor relations aspects. |