Regulatory News:
Sodexo (PARIS:SW) (OTCBB:SDXAY) today announced completion of its acquisition of Score Groupe, one of the leading independent providers of foodservices in France.
This transaction has now got all regulatory approvals, including clearance, by the French competition authorities. This business will be consolidated into Sodexo´s financial statements as of October 1st, 2008.
Founded in 1972 by Jean–Marie Paul, Score Groupe was taken over in a leveraged buyout transaction led managed by Abénex Capital in 2004. The company generated revenues of approximately €220 million in 2007 and has 3,900 employees.
With this acquisition, Sodexo reinforces its position in the French foodservices market, which continues to have a strong potential for growth. Score Groupe complements Sodexo´s offer, both in terms of targeted offerings by client segment as well as national geographic scope.
About Sodexo
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. For Fiscal 2007, which closed August 31, 2007, Sodexo had revenues of 13.4 billion euro. Listed on Euronext Paris, the Group´s current market capitalization is 6.5 billion euro.
