EDENRED S.A.: EDENRED CONSOLIDATES ITS LEADERSHIP POSITION IN CENTRAL EUROPE
16 Ottobre 2017 - 5:48PM
Press
release
October 16, 2017
EDENRED CONSOLIDATES ITS
LEADERSHIP POSITION IN CENTRAL EUROPE
The Group announces the
acquisition of Vasa Slovensko, Slovakia's number three player in
meal vouchers.
The acquisition of Vasa Slovensko
makes Edenred the market leader in meal vouchers in Slovakia, where
it has been operating since 1994. Founded in 1996 and currently
ranked third among local players, Vasa Slovensko generated a
transaction volume of more than €120 million from 16,000
public- and private-sector companies in 2016, bringing additional
revenue to nearly 2,000 partner merchants. With Edenred Slovakia
and Vasa Slovensko offering a complementary fit in terms of
geographical footprint and client segments, the acquisition will
enable the Group to expand and diversify its existing base in a
buoyant market.
As Vasa Slovensko currently offers
only paper vouchers, the transaction provides an opportunity for
corporate clients, employee users and partner merchants to benefit
from Edenred's digital expertise, as demonstrated by the more than
70% of the Group's global transactions now made using digitized
solutions.
"We are confident that the
combination of our business with the world leader in employee
benefits solutions will give our clients and their employees access
to a wider range of services," said Libor Danek, co-founder of Vasa
Slovensko.
Position as world
leader strengthened
The acquisition is part of the
Fast Forward strategic plan, which notably aims to increase the
Group's penetration rate in its Employee Benefits markets.
"The acquisition will allow
Edenred, which already operates in Bulgaria, Hungary, Poland,
Romania, Slovakia and the Czech Republic, to consolidate its
leadership position in Central Europe, a region that is enjoying an
economic boom. Our teams are successfully implementing an ambitious
digital transformation in the region geared toward meeting the
expectations of local businesses, their employees and partner
merchants," said Arnaud Erulin, Chief Operating Officer, Northern
Europe, Central Europe, France and Belgium.
The transaction will be accretive
to earnings from 2018.
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Edenred is
the world leader in transactional solutions for companies,
employees and merchants. Whether delivered via card, mobile app,
online platform or paper voucher, all of these solutions mean
increased purchasing power for employees, optimized expense
management for companies and additional business for affiliated
merchants.
Edenred's offer is built around three business lines:
-
Employee benefits (Ticket Restaurant®, Ticket
Alimentación, Ticket Plus, Nutrisavings, etc.)
-
Fleet and mobility solutions (Ticket Log, Ticket
Car, UTA, Ticket Empresarial, etc.)
-
Complementary solutions including corporate
payments (Edenred Corporate Payment), incentives and rewards
(Ticket Compliments, Ticket Kadéos) and public social
programs.
The Group brings together a unique
network of 43 million employees, 750,000 companies and public
institutions, and 1.4 million affiliated merchants.
Listed on the Euronext Paris stock exchange and part of the CAC
Next 20 index, Edenred operates in 42 countries, with close to
8,000 employees. In 2016, the Group managed almost €20 billion in
transactions, of which 70% were carried out via card, mobile device
or the web.
The logos and other trademarks
mentioned and featured in this press release are registered
trademarks of Edenred S.A., its subsidiaries or third parties.
They may not be used for commercial purposes without prior written
consent from their owners.
Follow Edenred on Twitter:
www.twitter.com/Edenred
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CONTACTS
Media Relations
Anne-Sophie Sibout
+33 (0)1 74 31 86 11
anne-sophie.sibout@edenred.com
Anne-Sophie Sergent
+33 (0)1 74 31 86 27
anne-sophie.sergent@edenred.com |
Investor Relations
Solène Zammito
+33 (0)1 74 31 88 68
solene.zammito@edenred.com
Loïc Da Silva
+33 (0)1 74 31 87 09
loic.dasilva@edenred.com
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Edenred acquires an employee
benefits company in Slovakia EN
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: EDENRED S.A. via Globenewswire
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