Elis strengthens its network through the acquisition of Adrett in Germany

Core Insights - Elis has announced the acquisition of 100% of Adrett Textilservice GmbH, a laundry service provider in Germany, which will enhance its operational network in the region [2][3] - The acquisition is expected to generate approximately €12 million in revenue for Elis in 2025, with consolidation into Elis' financials starting January 1, 2026 [3] Company Overview - Elis is recognized as a global leader in circular services, utilizing a rental-maintenance model supported by traceability technologies to meet customer needs in protection, hygiene, and well-being [4] - The company operates in 31 countries and focuses on creating sustainable value for shareholders, customers, employees, and the environment through innovative practices and profitable organic growth [4] Operational Details - Adrett operates a modern laundry facility located in Schuby, northern Germany, and primarily serves the hospitality sector, which is experiencing dynamic growth in the region [2] - The management team of Adrett will remain in place post-acquisition to ensure continued local business development [3]