Pluxee acquires Beneficio Facil in Brazil and reinforces its employee mobility offer
29 Novembre 2024 - 7:00AM
UK Regulatory
Pluxee acquires Beneficio Facil in Brazil and reinforces its
employee mobility offer
Pluxee acquires Benefício Fácil in
Brazil and reinforces its employee mobility
offer
- Pluxee to
reinforce its strong position in Brazil by acquiring 100% of
Benefício Fácil, a Brazilian provider of employee mobility
benefits
- Transaction
accretive to Recurring EBITDA margin at Group level from the first
year
- Operation to be
fully funded from existing financial resources
Paris: November 29, 2024 //
Pluxee (the “Group”), a global player in Employee Benefits and
Engagement, today announces that it has signed an agreement to
acquire 100% of Benefício Fácil, a provider of mobility solutions
for public transport in Brazil, a growing and underpenetrated
market in which mobility benefits for employees are mandatory. The
agreement is subject to approval from the Central Bank of Brazil
(BACEN).
With this new acquisition, Pluxee continues to
deliver on its strategic growth plan, expanding in the mobility
sector and enhancing its comprehensive suite of employee benefits
in a key market.
This acquisition follows a long-standing
partnership between both companies. Together, Pluxee and Benefício
Fácil will further leverage the existing transport operators’
network and expand the penetration of mobility benefits in Brazil,
especially in the small and medium enterprises segment.
Benefício Fácil is a top-rated platform that
provides essential transport services to Brazilian employees,
addressing an available market valued at over €20 billion. Founded
in São Paulo in 2004 as a technology company dedicated to providing
commuter benefits, it integrates transportation and third-party
food benefits into a comprehensive solution for Human resources
managers.
With over 7.1 million consumers, Pluxee is one
of the leading providers of Employee Benefits and Engagement in
Brazil. The Group expects to achieve substantial growth
synergies from the integration of Benefício Fácil, identifying a
strong opportunity to drive additional revenues through cross
selling to its existing client base. The transaction will be
entirely financed through existing financial resources, ensuring
minimal effect on leverage.
Aurélien Sonet, CEO of Pluxee,
commented:
“Pluxee has strong development ambitions in
the Brazilian Employee Benefits market. The acquisition of
Benefício Fácil will allow us to seamlessly integrate the mandatory
mobility benefit into our comprehensive suite of solutions. By
addressing the growing demand for innovative transport solutions,
this operation will contribute to foster client retention and
increase cross-selling opportunities. We expect the transaction to
be accretive on the EBITDA margin from the first year. After many
years of successful collaboration, we look forward to officially
welcoming Benefício Fácil to Pluxee.”
About Pluxee
Pluxee is a global player in employee benefits
and engagement that operates in 29 countries. Pluxee helps
companies attract, engage, and retain talent thanks to a broad
range of solutions across Meal & Food, Wellbeing, Lifestyle,
Reward & Recognition, and Public Benefits. Powered by leading
technology and more than 5,000 engaged team members, Pluxee acts as
a trusted partner within a highly interconnected B2B2C ecosystem
made up of more than 500,000 clients, 36 million consumers and 1.7
million merchants. Conducting business for more than 45 years,
Pluxee is committed to creating a positive impact on local
communities, supporting wellbeing at work for employees and
protecting the planet.
About Benefício Fácil
Founded in 2004, Benefício Fácil offers a
top-rated platform for commuter benefits (Vale Transport, or VT),
integrating transport and third-party food & meal benefits into
a one-stop-shop solution for HR managers. Benefício Fácil
simplifies the acquisition and management of VT through a
technology-driven approach that removes barriers and streamlines
processes, making benefits management as effortless as possible for
companies. Benefício Fácil ranks among the largest companies in the
community benefit industry in Brazil, with a dedicated team of
approximately 100 employees.
For more
information: www.pluxeegroup.com
Contacts
Media
Cecilia de Pierrebourg
+33 6 03 30 46 98
cecilia.depierrebourg@pluxeegroup.com |
Analysts
and Investors
Pauline Bireaud
+ 33 6 22 58 83 51
pauline.bireaud@pluxeegroup.com |
Forward-looking statements
This press release contains forward-looking
statements. These forward-looking statements reflect the Group's
intentions, current beliefs, expectations and assumptions,
including, without limitation, assumptions regarding the Group's
future business strategies and the environment in which the Group
operates, and involve known and unknown risks, uncertainties and
other important factors beyond the Group's control, which may cause
the Group's actual results, performance or achievements to be
materially different from those expressed or implied by these
forward-looking statements. These risks and uncertainties include
those discussed in Pluxee's Fiscal 2024 Annual Report, filed on
October 31, 2024 with the Dutch Authority for the Financial Markets
(Autoriteit Financiële Markten, “AFM”) and the French
Autorité des Marchés Financiers, and available in the
'Investors – Financial Results and Publications' section of the
Group website: www.pluxeegroup.com. Accordingly, readers of this
press release are cautioned on relying on these forward-looking
statements. These forward-looking statements are made as of the
date of this press release and Pluxee Group expressly disclaims any
obligation or undertaking to release any updates or revisions to
any forward-looking statements included in this press release to
reflect any change in expectations or any change in events,
conditions or circumstances on which these forward-looking
statements are based.
Disclaimer
This press release does not contain or
constitute an offer of securities for sale or an invitation or
inducement to invest in securities in France, the United States, or
any other jurisdiction.
- PR_Pluxee to acquire BeneficioFacil_ENG
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