Elis Withdraws from Acquisition of OCL Laundry Services in Ireland
Elis informed the Irish Competition and Consumer Protection Commission (CCPC) on Friday of its decision to withdraw its notification regarding the acquisition of OCL Laundry Services Limited and to abandon the transaction. This decision comes after several months of discussions with the regulatory authority.
Withdrawal of Notification and Abandonment of Acquisition
Elis notified the CCPC of its intention to withdraw the authorization request for the acquisition of 100% of OCL Laundry Services Limited, a transaction announced on August 6, 2025. Consequently, the group has decided to discontinue this acquisition in Ireland. This decision follows several months of exchanges with the Irish authority responsible for reviewing the transaction.
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Elis indicates that, in light of the progress of the procedure and the associated delays, the necessary conditions to complete the transaction satisfactorily were not met. The group emphasizes that the acquisition represented only a minor part of its operations and will not have a significant impact on its growth trajectory. Elis declares it remains fully committed to developing its operations in Ireland.
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Context
Period
Period: 1T2026
Key reported figures
Revenue: 1180.5M€
Guidance from the release
Elis enregistre un début d’année 2026 solide, en ligne avec nos attentes.
Chiffre d’affaires du 1er trimestre en croissance de +4,3%.
Risks mentioned
Pas d’impact significatif du contexte géopolitique sur l’activité.
Baisse temporaire de la fréquentation hôtelière au début du conflit en mars.
Opportunities identified
Augmentation marquée du nombre de signatures de nouveaux contrats.
Croissance organique proche de 10% en Amérique latine.
Pipeline d’acquisitions prometteur pour le reste de l’année.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
