◂ Announcements

Dec 21, 2016ACQUISITION

Elis acquires Indusal in Spain and Lavebras in Brazil for €510M

Elis acquired Compañia Navarra de Servicios Integrales SL (Indusal) in Spain and signed a memorandum of understanding to acquire Lavebras Gestão de Têxteis S.A. in Brazil. Total investment is approximately €510 million.

Value

$540.0M (510.0M EUR)

Status

Announced

Productsrental and maintenance of professional clothingtextile articleshygiene and wellbeing appliances

CompaniesElis acquirer Compañia Navarra de Servicios Integrales SL target Lavebras Gestão de Têxteis S.A. target

Sectors#Industrial Textiles

“The acquisitions of Indusal in Spain and Lavebras in Brazil are a decisive step in Elis's international expansion in Spain and Brazil”globenewswire.com

1 source
globenewswire.comElis announces two strategic acquisitions in Spain andElis S.A.Dec 21, 2016

Summarized from public sources; check the original articles before acting on it.

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