Elis Acquires German Laundry Adrett for 12 Million Euros
Elis, a circular services group, announces the acquisition of 100% of Adrett Textilservice GmbH, a laundry located in northern Germany. The transaction will be consolidated in the accounts starting January 1, 2026.
Modern Facility and Market Dynamics
According to the press release, Adrett has a modern facility in Schuby, northern Germany, near the Danish border. The company offers flat linen rental-maintenance services, primarily serving the hospitality industry. The group notes that this market is particularly dynamic in Germany. This new acquisition will strengthen Elis's existing network in the region, the company specifies.
Staff and Management Continuity
The group reports that Adrett currently employs about 140 people. The management team will remain in place to continue local business development, the release states. This managerial continuity aims to ensure a smooth transition and ongoing operations without disruption. The group does not provide further details on the financial terms of the transaction or the expected synergies.
Financial Impact and Strategic Integration
According to the company, Adrett's revenue is estimated at about 12 million euros for the year 2025. This amount will be consolidated into Elis's overall revenue starting January 1, 2026, the press release specifies. This operation is part of the group's strategy of targeted acquisitions, currently operating in 31 countries through its rental-maintenance model. Elis does not comment on other upcoming acquisition projects in the region.
