Sodexo becomes the European leader in Incentive & Recognition following the acquisition of Motivcom plc
November 21, 2014
Sodexo is pleased to announce the finalization of its acquisition of Motivcom plc, a leading rewards and employee benefits provider to corporates in the United Kingdom. The total consideration of this transaction is ￡41 million. The acquired business represented, in 2013, an Issue Volume of approximately ￡300 million.
With this acquisition, Sodexo offers a more comprehensive and global incentive and recognition proposition to companies of all sizes, thereby strengthening its global offer of services which improve Quality of Life. The broad spectrum of services is designed to improve the engagement, retention and motivation of employees and customers. Recognizing the direct correlation between employee recognition and performance, both on an individual and on a corporate level, Sodexo believes this is a strong area for growth and future development.
Sébastien Godet, Gift Market President at Sodexo Benefits and Rewards Services, said: “The acquisition of Motivcom is a welcome addition to our already strong offering in the incentive and rewards area. Among the comprehensive range of services we will offer to our customers, this will enable us to better help them develop, particularly, dedicated employee recognition programs, a key factor that improves Quality of Life for workers in today’s competitive economy.”
John Sylvester, divisional managing director of Motivcom, commented: “It is clear that the two businesses share a strong vision and common cultural values, together with the conviction that motivation is key to well-being and performance. We believe this next step will provide tremendous opportunities for the business, its employees and clients.”
Sodexo’s global presence, combined with Motivcom’s specific expertise in developing effective engagement and recognition programs, will allow the company enrich its offer in a broader geographic spectrum.
Motivcom brands help to support the growth of their clients' organizations by delivering services that positively influence the behavior of employees, channel partners and customers. The Group now has over 900 blue chip clients working in the B2B sector (98% private sector), serviced through several UK offices and boasts a wide range of award winning solutions. These range from money saving employee benefits solutions, to incentives that drive performance improvement, right through to customer facing promotional incentives.