Argos-backed Lavatio completed the acquisition of Witteler & Burkhardt.

Argos-backed Lavatio, a laundry services group active in the DACH region, completed the acquisition of Witteler & Burkhardt, a provider of laundry services. Financial terms were not disclosed. “When we were named Laundry of the Year in 2019 for exemplary energy efficiency, Südwestrundfunk described us as ‘the world’s most modern large-scale laundry.’ We are very proud of that. It was clear to us that we would only sell to an owner who shares our high standards in terms of innovation and sustainability," Sven Witteler and Sabrina Burkhardt, Witteler & Burkhardt former shareholders.