Corporate Childcare Benefits

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Pluxee to acquire ProEves, the leading corporate childcare benefit player in India
Globenewswireยท 2025-09-12 05:00
Core Viewpoint - Pluxee has signed an agreement to acquire 100% of ProEves, enhancing its multi-benefit offerings in the Indian market and reinforcing its leadership position in the employee benefits sector [2][8]. Group 1: Acquisition Details - The acquisition of ProEves, a leading corporate childcare benefit player in India, is part of Pluxee's strategic growth plan [2][4]. - ProEves provides a digital platform for parents to select caregivers, addressing preschool and daycare needs, and currently collaborates with over 100 companies [6][4]. - The transaction will be fully funded from existing financial resources, with no material impact on Pluxee's leverage [4][8]. Group 2: Market Position and Impact - Pluxee serves over 3.5 million consumers in India and aims to strengthen its leadership by promoting gender equality and work-life balance through enhanced childcare benefits [3][4]. - The acquisition is expected to be accretive to total revenue organic growth and recurring EBITDA by Fiscal 2026, indicating a positive financial outlook [4][8]. - ProEves partners with over 7,000 childcare centers across India, supporting thousands of working parents each month [6].