Elis pursues its development in the Italian Pest Control market with the acquisition of Gruppo Indaco
Elis pursues its development in the Italian Pest Control market with the acquisition of Gruppo Indaco
Saint-Cloud, June 14, 2023 – Elis, an international multi-service provider, offering textile, hygiene, and facility services solutions, which is present in Europe and Latin America, today announces the acquisition of 100% of Gruppo Indaco SRL (« Gruppo Indaco ») in Italy. This acquisition will be consolidated from 1 June 2023; 2023 revenue is expected at c. €5 million on a full-year basis.
Gruppo Indaco is specialized in Pest Control, with operations across Italy. Lombardy and Piedmont account for more than 70% of 2022 revenue. The group has around 60 employees; services offered are virtually exclusively in the B2B market.
With this transaction, Elis continues the consolidation of its footprint in Italy in a buoyant segment, which development has been accelerating since the end of the pandemic.
Contact
Nicolas Buron
Director of Investor Relations, Financing & Treasury
Phone: +33 1 75 49 98 30 – nicolas.buron@elis.com
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