Serunion has acquired Grupo Alarcón to bolster its facility management services, aiming for increased revenue and market leadership in Spain.

Target Company Overview

Serunion, a leading player in the collective catering sector in Spain, has achieved a remarkable revenue of 605 million euros for the fiscal year ending on September 30, 2024. This figure reflects a significant increase of 16.8% from the previous year, where the company recorded a income of 518 million euros. The bulk of Serunion’s revenue, approximately 565 million euros, is generated from its collective catering business, which has shown robust growth across all divisions, including educational institutions, corporate services, healthcare facilities, and social services.

In addition to strengthening its core catering operations, Serunion has enhanced its service offerings by integrating Facility Management, which encompasses cleaning and ancillary services. This new service line contributed an additional 40 million euros to the company's revenue in 2024, marking 6.6% of total earnings. The recent acquisition of Grupo Alarcón, a respected cleaning company in Madrid with over 40 years of experience, is expected to further bolster Serunion’s position in the facilities management sector.

Industry Overview in Spain

The collective catering industry in Spain has shown resilience and growth, driven by increasing demand from various sectors, including education, corporate entities, and healthcare. Companies like Serunion are at the forefront o