Advance Capital announced the sale of Blesk InCare, a leading Russian carpet service provider, to international company Elis, enhancing Elis's position in the Russian market.

Target Company Overview

Advance Capital is pleased to announce the successful sale of the carpet service business of Blesk InCare, a leading Russian company specializing in the processing and rental of dirt-trapping carpets and textile products. The buyer, Elis, is a prominent international service company with revenues exceeding $3.5 billion and a significant presence in the Russian market for linen and workwear services. This acquisition of Blesk InCare will enable Elis to strengthen its foothold in the carpet service sector in Russia.

Industry Overview in Russia

The carpet services market in Russia has shown a steady growth trajectory driven by increasing demand for hygiene and cleanliness in both commercial and residential sectors. With urbanization on the rise, more businesses and public institutions are recognizing the importance of professional cleaning services, particularly in high-traffic areas where dirt accumulation is inevitable. This market encompasses various services, including the rental, maintenance, and cleaning of carpets, which are essential for maintaining a clean and professional environment.

In recent years, the Russian cleaning services industry has attracted significant foreign investment, reflecting an increasing interest from international players in capitalizing on the market's potential. Despite economic fluctuations, the demand for high-qual