Sodexo : strengthens its presence in Mainland China and reinforces its position in the Food services market
April 03, 2024 at 01:57 am EDT
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Sodexo strengthens its presence in Mainland China and reinforces its position in the Food services market
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Apr. 03 2024
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Sodexo, the global leader in sustainable food and valued experiences, has completed the acquisition of the Compass Mainland China business.
In a market with undeniable long term growth potential, this acquisition strengthens Sodexo's position in Food markets, enhancing its presence and service offerings in Mainland China with newly acquired contracts in the corporate, education, and healthcare environments.
Following this operation, Sodexo's 17,000 employees across 950 operational sites will serve more than 1.2 million consumers daily. Since entering the Chinese market in 1995, Sodexo China has developed successfully its operations to serve the China market and its unique consumer demands. Today, Sodexo continues to pursue its ambition to be the global leader in sustainable food and valued experience, while contributing, in line with its values and fundamentals, to have an economic, social and environmental positive impact.
"We are excited to consolidate our strategic position in China - a focal market for Sodexo in the region given its size and market potential. This acquisition will enable us to further scale and drive synergies in our existing operations, with expanded, diversified, and high-quality services to Chinese clients and consumers."
Isabelle HANNEDOUCHEManaging Director of Sodexo Greater China
The integration phase has officially commenced. Sodexo China is committed to working closely with clients, suppliers, and employees across Mainland China to ensure a smooth transition, strong synergies and improved services for clients and consumers.
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Sodexo SA published this content on
03 April 2024 and is solely responsible for the information contained therein. Distributed by
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03 April 2024 05:56:01 UTC.
Sodexo is a world leader in food and facilities management services. The group offers onsite services: meal preparation, management of restaurants, reception and conference centers, reception services, mail processing, transport, cleaning, gardening, technical maintenance, security, facility management, sanitation, etc.
Net sales break down by market between companies and government departments (56.8%), healthcare facilities and senior-citizen residences (25.6%) and schools and universities (17.6%).
Net sales are distributed geographically as follows: Europe (35.6%), North America (46.3%), and other (18.1%).
In 2023, the group split off the benefits and rewards services activity: sale of benefits and motivation solutions.
SODEXO 
