Elis: acquires 100% of Ernst
(CercleFinance.com) - Elis announces the acquisition of 100% of Wäscherei Ernst Gmbh (Ernst) in Germany.
With its two laundries in Erbach, Baden-Württemberg, Ernst serves the whole of southern Germany and northwestern Austria.
With sales of around E17m in 2023, it offers rental-maintenance services in the Flat Linen market, and caters mainly to customers in the Hospitality and Healthcare sectors.
This new acquisition strengthens the Elis network in Germany, particularly in the Hospitality sector, which is particularly dynamic in the country, it says.
The acquisition will be consolidated in the accounts from 1 January 2025.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
With its two laundries in Erbach, Baden-Württemberg, Ernst serves the whole of southern Germany and northwestern Austria.
With sales of around E17m in 2023, it offers rental-maintenance services in the Flat Linen market, and caters mainly to customers in the Hospitality and Healthcare sectors.
This new acquisition strengthens the Elis network in Germany, particularly in the Hospitality sector, which is particularly dynamic in the country, it says.
The acquisition will be consolidated in the accounts from 1 January 2025.
Copyright (c) 2024 CercleFinance.com. All rights reserved.