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-Servière
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
