Acquisition of the Textile business of Blesk InCare in
The acquisition of Blesk InCare’s Textile activity in Russia
Saint Cloud, Octoberbre 7, 2021 – Elis, an international multi-service player offering textile, hygiene and facility services solutions, present in Europe and Latin America, today announces the signing of an agreement to acquire 100% of the Textile business of Blesk InCare. The closing of the transaction is subject to customary regulatory conditions and is expected to take place by the end of 2021.
Elis has been present in Russia since 2017 through the acquisition of Berendsen. After the acquisition of the Carpet business from Blesk InCare in 2019, the Group is pursuing its development strategy to take over the Flat Linen and Workwear business from the Russian group.
Turnover for 2021 is expected at 700 million Russian rubles (approx. 8 million euros), with flat linen and work clothes contributing approx. 60% and 40% respectively. Business has been particularly resilient during the 2020 pandemic, and 2021 revenue will show double-digit, year-over-year organic growth.
Commenting on this ad, Xavier Martiré, CEO of Elis, noted:
“The acquisition of Blesk InCare’s Textile enables Elis to expand its portfolio of activities in Russia and expand Carpet and ultra-clean services. Outsourcing is still very limited in Russia and therefore the market has very significant growth potential. With this new acquisition, Elis strengthens its positioning in the country and will very benefit from the future growth of these highly profitable businesses. “
Nicolas buron, Director of Investor Relations – Tel: +33 1 75 49 98 30 – [email protected]
20211007 – Elis – Acquisition of the Textile business of Blesk InCare in Russia