PARIS--(Business Wire)--
Regulatory News:
Sodexo (Paris:SW) (OTCBB:SDXAY), a world leader in Food and
Facilities Management services, announced today that it has signed an
agreement to acquire a majority interest in West Born, a specialist in
providing concierge services to corporate clients in France. West Born
offers clients innovative, attractive solutions in concierge services,
employee motivation and employee loyalty programs.
This acquisition reinforces Sodexo's expertise in services which
improve the Quality of Life and will provide important synergies with
all Sodexo client segments in France, in both the Food and Facilities
Management services and the Service Vouchers and Cards activities.
Expertise also will be exchanged with Circles, a leader in concierge
services in North America acquired by Sodexo in 2007.
West Born was founded in 2005 in Paris by Xavier
Chouraqui-Serviere, who will continue as CEO of the company.
SODEXO, founded in 1966 by Pierre Bellon, is a world leader in
Food and Facilities Management services, with more than 342,380
employees on 29,000 sites in 80 countries as of August 31, 2007. For
Fiscal 2007, which closed August 31, 2007, SODEXO had revenues of 13.4
billion euro. Listed on Euronext Paris, the Group has a current market
capitalization of 6.9 billion euro.
www.sodexo.com
Sodexo
Press:
Jean-Charles TREHAN
Tel. & Fax: +33(1) 57 75 80 24
E-mail: jean-charles.trehan@sodexo.com
or
Investors:
Pierre BENAICH
Tel. & Fax: +33(1) 57 75 80 56
E-mail : pierre.benaich@sodexo.com
Copyright Business Wire 2008
