Since the launch of Ticket Restaurant® meal voucher in France in 1962, Edenred has designed, managed and developed programs and prepaid services for companies and public authorities, facilitating everyday life and fostering the well-being of millions of people worldwide.

Three key stages in the Company’s development

From an innovative idea to a successful economic model
The meal voucher made its first appearance in the United Kingdom in 1954. In 1962, Jacques Borel International launched Ticket Restaurant®, the first meal voucher in France, and creation of the Credit-Repas Company. Five years later, a French law was passed creating the legal framework for the regulation of meal vouchers in France.

In the 1970s, Ticket Restaurant® concept was exported to Brazil, Italy, Belgium, Germany and Spain.

From a local presence to a position as the worldwide leader in the meal voucher market
In 1982, Novotel SIEH took control of Jacques Borel International, which had become the global leader in meal vouchers issuance with 165 million meal vouchers distributed in eight countries. One year later, Accor was created following the merger of Novotel SIEH and Jacques Borel International. By 1984, over one million people were using meal vouchers on a daily basis worldwide.

Between 1980 and 1990, the Group implemented a diversification strategy for its prepaid services with the creation of Ticket Alimentación® food voucher (1983) and a car voucher (1988) in Mexico, its Ticket Childcare® in the United Kingdom (1989), and its elder-care voucher in Sweden (1983). In the 1990s, the Company launched Ticket Service® (aimed at beneficiaries in economic difficulty), Ticket Culture® and Ticket Clean Way® in 1995, and a health-care voucher called Wellness Gutscheines® in Austria, in 1998.

During this time, the Group continued its geographic expansion, in particular by setting up operations in Argentina in 1988, Venezuela in 1990, Turkey in 1992, the Czech Republic, Austria and Luxembourg in 1993, Hungry, Slovakia and Uruguay in 1994, Greece in 1996, the Netherlands, Poland and India in 1997 and Romania in 1998.

Diversification of Employee and Public Benefits products and services and innovation in other markets
Since the turn of the century, the Group has pursued its expansion strategy through organic growth (setting up operations in China, with the launch of the meal voucher smart card in 2000, and Peru) and acquisitions in Mexico (Dicasa) in 2003, Romania (Hungastro) and the United States (WiredCommute) in 2005, as well as in Italy (Serial), India (RID) and Germany (Calicado) in 2006. In the same year, Edenred also strengthened its presence in Brazil by becoming the sole shareholder of Ticket Serviços Brésil (in which it previously held a 50% stake). This company is one of the market leaders in Brazil, with approximately 4 million vouchers used per day.