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Press release

Development 31 January 2019

Edenred expands its Employee Benefits offering in Belgium

Edenred, the world leader in transactional solutions for companies, employees and merchants, announces an agreement for the dual acquisition of Merits & Benefits and Ekivita . Market leaders in employee engagement platforms in Belgium, these companies offer innovative digital solutions to improve employee retention, motivation and purchasing power.

The dual acquisition of Merits & Benefits and Ekivita will enable Edenred – already the number one provider of Employee Benefits in Belgium via its Ticket Restaurant and Ticket Ecocheque programs – to expand its offering in the country and strengthen its leadership position on the local market.

Together, the two companies supply several hundred corporate clients with customized e-commerce platforms that offer access to exclusive promotional deals across a network of more than 500 partner brick-and-mortar stores and e-retailers. The platforms provide close to one million employees with ways to improve their well-being, purchasing power and work-life balance, for example by taking advantage of special offers on ticketing and childcare services.

Following on from the success of ProwebCE in France, the acquisitions will strengthen the Group’s innovative digital Employee Benefits offering and open up significant cross-selling opportunities for Edenred in Belgium. The transaction is perfectly in line with the Group’s strategy of carrying out targeted acquisitions in order to consolidate its position as a world leader in Employee Benefits.

The acquisition of the two companies will be accretive to EBITDA and net profit, Group share from 2019.

Already leader in Employee Benefits in Belgium, Edenred, through this acquisition complementary to the Ticket Restaurant program, will enrich its offering and its value proposition in the country, by giving Belgian employees access to additional purchasing power while opening-up cross-selling opportunities”, said Arnaud Erulin, Chief Operating Officer, Europe at Edenred.

About

Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting more than 60 million users and more than 2 million partner merchants in 45 countries via close to 1 million corporate clients.

Edenred offers specific-purpose payment solutions for food (such as meal benefits), engagement (such as gift cards and engagement platforms), mobility (such as multi-energy solutions, including EV charging, maintenance, toll and parking) and corporate payments (such as virtual cards). 

True to the Group’s purpose, “Enrich connections. For good.”, these solutions enhance users’ well-being and purchasing power. They improve companies’ attractiveness and efficiency,and vitalize the employment market and the local economy. They also foster access to healthier food, more environmentally friendly products and sustainable mobility.

Edenred’s 12,000 employees are committed to making the world of work a connected ecosystem that is safer, more efficient and more responsible every day.

In 2023, thanks to its global technology assets, the Group managed €41 billion in business volume, primarily carried out via mobile applications, online platforms and cards.

Edenred is listed on the Euronext Paris stock exchange and included in the following indices: CAC 40, CAC 40 ESG, CAC Large 60, Euronext 100, Euronext Tech Leaders, FTSE4Good and MSCI Europe.

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