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Sodexo becomes majority shareholder of West Born in France
5/19/2008
Paris - Sodexo, a world leader in Food and Facilities Management services, announced today that it has signed an agreement to acquire a majority interest in West Born, a specialist in providing concierge services to corporate clients in France.
West Born offers clients innovative, attractive solutions in concierge services, employee motivation and employee loyalty programs.
This acquisition reinforces Sodexo's expertise in services which improve the Quality of Life and will provide important synergies with all Sodexo client segments in France, in both the Food and Facilities Management services and the Service Vouchers and Cards activities. Expertise also will be exchanged with Circles, a leader in concierge services in North America acquired by Sodexo in 2007.
West Born was founded in 2005 in Paris by Xavier Chouraqui-Servière, who will continue as CEO of the company.
About Sodexo
SODEXO, founded in 1966 by Pierre Bellon, is a world leader in Food and Facilities Management services, with more than 342,380 employees on 29,000 sites in 80 countries as of August 31, 2007. For Fiscal 2007, which closed August 31, 2007, SODEXO had revenues of 13.4 billion euro. Listed on Euronext Paris, the Group has a current market capitalization of 6.9 billion euro.
