Edenred: Acquisition of Romania's Fourth-Largest Provider of Meal and Gift VouchersBy Edenred, PRNE
Sunday, January 2, 2011
PARIS, January 3, 2011 - In line with its development strategy, Edenred today announced
the acquisition of Euroticket, Romania's fourth-largest provider of meal and
gift vouchers. With more than 3,000 customers and a nearly 5% market share,
Euroticket reported an issue volume of EUR53 million in 2009.
This transaction is consistent with Edenred's targeted acquisitions
strategy and enables to consolidate its leadership position in Romania, where
it now serves close to 40% of the market.
The EUR5.5-million investment will be accretive to net earnings as of
Edenred, the world leader in prepaid service vouchers, provides solutions
that enhance personal well-being and improve the performance of
organizations. Operating in 40 countries, with 6,000 employees, nearly
500,000 private and public sector customers, 33 million users and 1.2 million
affiliates, Edenred offers a wide range of products in two categories:
- Employee and public benefits related to meals and food (Ticket Restaurant, Ticket Alimentation) or quality of life (Ticket CESU, Childcare Vouchers, etc.) - Performance solutions in the areas of expense management (Ticket Car, etc.), incentives and rewards (Ticket Compliments, Kadeos, etc.) and new prepaid electronic products
In 2009, Edenred generated total issue volume of EUR12.4 billion, of
which more than 50% in emerging markets.
CONTACTS: Eliane Rouyer-Chevalier, Executive VP Communications - Tel.: +33(0)1-74-31-86-26 - eliane.rouyer at edenred.com; Media relations, Carla Sauvet, Media Relations Director - Tel.: +33(0)1-74-31-86-11 - carla.sauvet at edenred.com; Nuno Afonso, Press Attache - Tel.: +33(0)1-74-31-86-27 - nuno.afonso at edenred.com; Investor relations, Solene Zammito, Financial Communications Director - Tel.: + 33(0)1-74-31-86-18 - solene.zammito at edenred.com; Virginie Monier, Investor Relations - Tel.: + 33(0)1-74-31-86-16 - virginie.monier at edenred.com
Tags: Eastern Europe, Edenred, France, January 3, Paris, Romania