# 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.

- Type: Acquisition
- Announced: 2016-12-21
- Value: $540.0M (510.0M EUR)
- Status: announced
- Products: rental and maintenance of professional clothing, textile articles, hygiene and wellbeing appliances
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Elis](https://endata.com/companies/20935.md) (acquirer)
- [Compañia Navarra de Servicios Integrales SL](https://endata.com/companies/20936.md) (target)
- [Lavebras Gestão de Têxteis S.A.](https://endata.com/companies/20937.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2016/12/21/899712/0/en/Elis-announces-two-strategic-acquisitions-in-Spain-and-Brazil.html), 2016-12-21: "The acquisitions of Indusal in Spain and Lavebras in Brazil are a decisive step in Elis's international expansion in Spain and Brazil"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.