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Sodexo strengthens its positions in Spain with the acquisition of Grupo Mediterránea

Core Insights - Sodexo has signed a Share Purchasing Agreement to acquire Grupo Mediterránea, a leading food service provider in Spain, which has annual revenues of approximately €350 million and operates over 1,700 sites [1][2][5] - This acquisition will double Sodexo's footprint in Spain, positioning it as a market leader in food services, particularly in corporate services, healthcare, and education [2][3] - The acquisition is expected to enhance Sodexo's capabilities, unlock operational synergies, and is subject to regulatory approvals, with finalization anticipated by the end of 2025 [3][4] Company Overview - Grupo Mediterránea, founded in 1988, is a trusted partner in the food service industry, primarily serving healthcare, education, and corporate sectors, with a workforce of over 14,700 professionals [5] - Sodexo, established in 1966, is a global leader in sustainable food and facilities management services, operating in 45 countries and serving 80 million consumers daily [6][9] Strategic Implications - The acquisition aligns with Sodexo's long-term strategy to lead in food services and enhance client satisfaction, with both companies sharing a vision for excellence [2][4] - The leadership teams from both companies are expected to work together to ensure a smooth transition and continued growth in the Spanish market [3][4]