Elis announces the acquisition of
Carpeting Entrémattor i Stockholm AB in Sweden
Saint-Cloud, February 11, 2019 - Elis, an international multi-service provider, offering textile, hygiene and facility services solutions across Europe and Latin America, is continuing its expansion strategy in its key markets with the signing of an agreement to acquire 100% of Carpeting Entrémattor i Stockholm AB (Carpeting Entrémattor) in Sweden. The closing of the transaction is subject to customary regulatory conditions and is expected to occur before the end of Q1 2019.
Carpeting Entrémattor is a family business, located in Stockholm, whose activity is exclusively dedicated to rental-cleaning of mats for clients of all sizes operating in a broad range of sectors.
The group generated revenues of c. 3.5 million euros in 2018.
Commenting on this announcement, Xavier Martiré, CEO of Elis, declared:
"The acquisition of Carpeting Entrémattor enables Elis to further expand the density of its existing network in the mats segment, which is very dynamic in Sweden. The family shareholder will stay for the integration period, which will enable the transfer of best practices."
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Elis announces the acquisition of Carpeting Entrémattor in Sweden
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Source: Elis via Globenewswire