Regulatory News:
Sodexho Alliance (PARIS:SW) (OTCBB:SDXAY) announced today that it
has signed an agreement to acquire 100% of Circles, a leader in
customer and employee loyalty programs in North America. Circles
offers innovative and outstanding Concierge, Incentive, Retention and
Recognition solutions.
This acquisition reinforces Sodexho's expertise in Quality of Life
services and will provide strong synergies for Sodexho and Circles in
all Sodexho's client segments in North America.
Circles was founded in 1997 in Boston, employs 750 people and has
revenues of approximately 50 million USD.
SODEXHO ALLIANCE, founded in 1966 by Pierre Bellon, is the leading
global provider of Food and Facilities Management services, with more
than 332,000 employees on 28,300 sites in 80 countries as of August
31, 2006. For Fiscal 2007, which closed August 31, 2007, SODEXHO
ALLIANCE had revenues of 13.4 billion euro. Listed on Euronext Paris,
the Group's current market capitalization is more than 7.9 billion
euro.
