Edenred: acquires Reward Gateway
(CercleFinance.com) - Edenred announces the acquisition of 100% of the capital of Reward Gateway, presented as a leading employee engagement platform, which has strong positions in the UK and Australia, and which is also present in the US.
A fast-growing company, Reward Gateway offers a unified suite of modules ranging from employee discount offers and rewards and recognition solutions to wellness solutions and corporate social events.
The £1.15bn acquisition, which values Reward Gateway at a 2023 EV/EBITDA multiple of 20x, marks a major step forward in the implementation of Edenred's Beyond22-25 strategic plan, it said.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
A fast-growing company, Reward Gateway offers a unified suite of modules ranging from employee discount offers and rewards and recognition solutions to wellness solutions and corporate social events.
The £1.15bn acquisition, which values Reward Gateway at a 2023 EV/EBITDA multiple of 20x, marks a major step forward in the implementation of Edenred's Beyond22-25 strategic plan, it said.
Copyright (c) 2023 CercleFinance.com. All rights reserved.