In April 2023, Derichebourg acquired a 48.3% stake in Elior Group, enhancing its position in the global catering and facility management markets.

Information on the Target

In April 2023, the French company Derichebourg, specializing in waste management, logistics, and facility management, acquired a 48.3% stake in Elior Group, a prominent French organization that owns Serunion. This acquisition positions Elior as one of the world’s leading operators in collective catering and facility management.

Serunion, Spain's leader in collective catering, concluded its fiscal year on September 30 with a revenue of 518 million euros, reflecting a robust growth of 15.1% compared to the previous year and exceeding pre-pandemic figures of 486 million euros from 2019. Notably, all of Serunion's business divisions experienced significant revenue growth, with Serunion Educa (educational centers) increasing by 13.1%, Serunion B&I (businesses and institutions) by 14.3%, Serunion Salud (hospitals) by 10.1%, Serunion Vending (automatic distribution) by 26.4%, and Singularis (gourmet catering) by 36.5%.

Industry Overview in Spain

Spain's collective catering sector has shown remarkable resilience and growth post-pandemic, with a diverse range of services catering to educational institutions, ho