Elis, Saint-Cloud, France, recently announced the signing of an agreement to acquire 100% of Moderna Holding BV in the Netherlands. The closing of the transaction is expected to occur before the end of the first quarter of 2024, subject to the standard regulatory reviews.

Moderna operates a modern plant that will become one of the largest plants of the Elis Group. The plant is located in the Northeastern region of the country, close to the German border, and can address the entire Dutch territory thanks to two supply centers. Moderna employs around 400. It provides flat linen, workwear, and hygiene and wellbeing services to clients in the hospitality, industrial, and trade & services industries. 2023 revenue is expected to be close to €50 million.

This acquisition will complement Elis’ existing network in the Netherlands, especially in the buoyant workwear market, and will allow the Elis Group to address the flat linen market, which was not the case until now.

“The acquisition of Moderna will broaden the Group’s offering in the Netherlands, especially in flat linen for hospitality,” said Xavier Martiré, CEO of Elis. “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.”

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