arrow-thincheckemaillocationphone

You are here

March 25, 2015

Edenred increases its stake in ProwebCE

Edenred has increased its stake in ProwebCE, the French leader in solutions for works councils. The transaction will enable Edenred to broaden its range of services in France's employee benefits market.

ProwebCE offers a comprehensive range of solutions for works councils, which includes management and accounting software and an e-commerce platform that enables employees to use the funds allocated to them to purchase culture and leisure-related goods and services. With a portfolio of more than 7,000 clients, representing 5 million employee beneficiaries, ProwebCE generated €8 million in EBITDA in 2014.

Edenred and the ProwebCE management team have joined forces to acquire 100% of the capital of ProwebCE. Through this transaction, the Group is expanding its employee benefits offering and intends to create new growth opportunities thanks to the sales synergies between the two companies.

"Works councils occupy a key position on the French employee benefits market and ProwebCE has become a recognized expert and leader in this field, making it the ideal partner to help us develop this high-potential business," said Jacques Stern, Chairman and Chief Executive Officer of Edenred.

 

Read more

The Edenred Class40 arrives in Martinique (Photo credit: Jean-Marie Liot/Alea)

News • Communications

Edenred, 7th in the Transat Jacques Vabre in the Class40...

29 November 2021

Press release • Well-being at work

Edenred France welcomes the government’s decision to raise...

24 November 2021

Basile Bourgnon finishing the Mini Transat (Photo credit: Vincent Olivaud – Mini Transat)

News • Sailing DreamTeam

Basile Bourgnon, 7th in production boat category in...

15 November 2021

Press release • Sailing DreamTeam

Transat Jacques Vabre: Edenred duo sets sights on top 5

4 November 2021

Press release • Sailing DreamTeam

Basile Bourgnon: “I’m raring to go!”

28 October 2021