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New Deal


Announced

Elis to acquire Moderna Holding.

Synopsis

Elis, a circular services company, agreed to acquire Moderna Holding,a flat linen, workwear, and hygiene & well-being services provider. Financial terms were not disclosed. "The acquisition of Moderna will broaden the Group’s offering in the Netherlands, especially in Flat linen for Hospitality. This market, which is still very fragmented in the country, is showing significant growth. In addition, this operation will strengthen the existing offer of the Group on the Workwear and Wipers markets, which are very profitable. We are pleased to welcome the Management of Moderna and its 400 employees, to Elis," Xavier Martiré, Elis CEO.

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