PARIS, FRANCE: Elis, a leading international multi-service provider offering textile, hygiene, and facility services solutions, has announced the complete acquisition of Gruppo Indaco SRL in Italy.

The acquisition, effective from June 1, 2023, signifies Elis’ commitment to expanding its operations and consolidating its presence in Italy. The estimated revenue for Gruppo Indaco in 2023 is approximately €5 million on a full-year basis.

Gruppo Indaco is a specialized pest control company with operations throughout Italy, with Lombardy and Piedmont accounting for more than 70% of its 2022 revenue. The group, primarily serving the business-to-business (B2B) market, employs around 60 professionals.

By acquiring Gruppo Indaco, Elis aims to strengthen its position in the Italian market and tap into the growth potential of the buoyant pest control segment. The demand for pest control services has seen significant acceleration since the conclusion of the pandemic, presenting an opportune moment for Elis to expand its service offerings in this sector.

The acquisition aligns with Elis’ strategic objectives of broadening its service portfolio and capitalizing on emerging market trends. With its established presence in Europe and Latin America, Elis continues to enhance its capabilities by integrating specialized companies that complement its existing range of solutions.

The consolidation of Gruppo Indaco into Elis’ operations represents a strategic move to leverage the synergies between the two companies and provide enhanced service offerings to customers across Italy. Elis remains committed to delivering top-quality services and meeting the evolving needs of its clients in various industries.

As Elis continues its growth trajectory, industry observers and stakeholders will closely monitor the integration process and the impact of the acquisition on the company’s overall performance. The expansion into the pest control market demonstrates Elis’ agility in identifying market opportunities and its dedication to strategic expansion in key regions.

Elis’ acquisition of Gruppo Indaco reinforces its position as a leading provider of multi-service solutions and further solidifies its foothold in Italy’s thriving market. The company remains focused on delivering excellence to its customers while actively seeking growth opportunities to expand its global footprint.

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