Edenred: two acquisitions in Belgium
(CercleFinance.com) - Edenred announces the joint acquisition of Merits & Benefits and Ekivita, "Market leaders in employee engagement platforms in Belgium, these companies offer innovative digital solutions to improve employee retention, motivation and purchasing power".
Together, the two companies supply several hundred corporate clients with customiqed e-commerce platforms that offer access to exclusive promotional deals across a network of more than 500 partner brick-and-mortar stores and e-retailers.
"The acquisitions will strengthen the Group's innovative digital Employee Benefits offering and open up significant cross-selling opportunities for Edenred in Belgium," Edenred adds. It will have an accretive impact on EBITDA and on the group's net income, group share, from 2019.
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Together, the two companies supply several hundred corporate clients with customiqed e-commerce platforms that offer access to exclusive promotional deals across a network of more than 500 partner brick-and-mortar stores and e-retailers.
"The acquisitions will strengthen the Group's innovative digital Employee Benefits offering and open up significant cross-selling opportunities for Edenred in Belgium," Edenred adds. It will have an accretive impact on EBITDA and on the group's net income, group share, from 2019.
Copyright (c) 2019 CercleFinance.com. All rights reserved.