Edenred Accelerates the Extension of Its Employee Benefits Solutions in the Employee Engagement Arena by Acquiring Leading Platform Reward Gateway
Edenred Accelerates the Extension of Its Employee Benefits Solutions in the Employee Engagement Arena by Acquiring Leading Platform Reward Gateway
Edenred accelerates the extension of its Employee Benefits solutions in the Employee Engagement arena by acquiring leading platform Reward Gateway
Edenred通過收購領先的平臺Reward Gateway加速其員工福利解決方案在員工敬業度領域的擴展
Edenred, a leading digital platform for services and payments and worldwide leader in Employee Benefits, announces the acquisition of 100% of the share capital of Reward Gateway, a leading Employee Engagement platform with strong positions in the UK and in Australia, and also present in the United States. Reward Gateway offers a unified suite of solutions ranging from employee savings, rewards & recognition to well-being and corporate social animation, empowering Human Resources departments to build the right combination of engagement tools.
領先的數位平臺Edenred用於服務和支付和全球員工福利領先者，宣佈收購 100%的股本 獎勵網關，一位領軍人物 員工敬業度P格子形式在英國和澳大利亞擁有強大的地位，以及也出現在美國。 獎勵網關優惠統一的解決方案套件從員工儲蓄、獎勵到認可(&R)到幸福和企業社交動畫， 增強H的能力烏曼R資源部門構建合適的接洽工具組合。
Reward Gateway is a fast-growing company that has successfully built a strong, highly profitable and sustainable business model. This acquisition, amounting to £1.15bn1 and valuing Reward Gateway at 20x EV/EBITDA 23e2, marks a major milestone in Edenred's Beyond22-25 strategic plan. By consolidating Reward Gateway's strong leading positions and extending its geographical scope in selected key countries, Edenred will accelerate the strengthening of its Employee Benefits value proposition in line with its mission to be the most trusted global Employee Benefits & Engagement platform.
獎勵網關是一種快速-成長型公司成功打造了一個強大、高度有利可圖和可持續的商業模式。這筆收購，總計 GB 115.5億1和估值獎勵網關，20倍EV/EBITDA 23E2.，標誌著一個少校里程碑 在……裡面 埃登雷德‘s超越22-25戰略規劃。通過整合獎勵網關的強壯 領先職位和 延伸英 它的地理的作用域在選定關鍵點中國家/地區，伊登雷德將加速強化的它的員工福利價值主張與其使命相一致成為最值得信賴的全球員工福利和敬業度p格子形式。
Bertrand Dumazy, Chairman and CEO at Edenred, said: "We are pleased to announce the acquisition of Reward Gateway and are looking forward to welcoming their teams in the Edenred world. By integrating this leading employee engagement platform, we are substantially extending our employee benefits offer to provide HR managers with a comprehensive range of solutions helping them make their organization more attractive to talents. While Reward Gateway is bringing us leading positions in the UK and in Australia, as well as a promising presence in the US market, we will be looking at scaling Reward Gateway outside of its current footprint in selected key countries. With a business model based on an efficient and fully scalable SaaS3 platform, Reward Gateway has been consistently delivering strong double-digit growth and high margins. The combination of our people, our solutions, our customer bases and our technologies offers high potential for synergies. This acquisition is a unique opportunity for Edenred to accelerate on the implementation of its Beyond strategy. A decisive move matching our mission to be the most trusted global employee benefits and engagement platform."
伯特蘭·杜馬齊，董事長兼首席執行官在埃登雷德，他說： 我們很高興地宣佈收購獎勵網關，並期待著在埃登雷德歡迎他們的球隊世界。通過整合這一領先的員工敬業度平臺，我們正在大幅擴展我們的員工福利服務，為人力資源經理提供全面的解決方案，幫助他們使自己的組織對人才更具吸引力。雖然獎勵網關將為我們帶來在英國和澳大利亞的領先地位，以及在美國市場的前景光明的存在，但我們將關注縮放賞金網關在其當前的範圍之外在選定的關鍵國家/地區的足跡。採用基於高效且完全可擴展的SaaS的業務模式3.平臺，獎勵網關一直提供強勁的兩位數增長和高利潤率。我們的員工、我們的解決方案、我們的客戶基礎和我們的技術的結合優惠協同增效的潛力很大。此次收購是埃登雷德加快實施Beyond戰略的獨特機會。一個果斷的舉動與我們的使命成為最值得信賴的全球員工福利和參與平臺。
Nick Burns, CEO at Reward Gateway, said: "We are extremely proud to join Edenred. The combination of Reward Gateway's operations and technology with Edenred's position as a global market leader across 1 million corporate clients in 45 countries, offers an accelerated path to achieve our mission of 'making the world a better place to work'. As we will aim at a single unified platform, we will benefit from economies of scale to build tailored solutions for specific markets. Bringing together our collective strengths, from commercial reach to product innovation and advanced technology, will be putting us in a position to provide HR leaders with a truly market-beating solution."
Reward Gateway, a highly performing business
獎勵門戶公司的首席執行官尼克·伯恩斯說：“我們為能加入埃登雷德感到非常自豪。這個組合獎勵網關的運營和科技股γ射線 使用Edenred在45個國家和地區的100萬家企業客戶中處於全球市場領導者的地位，為實現我們的使命--讓世界變得更美好--提供了一條更快的途徑。正如我們將致力於單一統一平臺，我們將從規模經濟中受益為特定市場量身定做解決方案。匯聚我們的集體力量，從商業觸角到產品創新和先進技術，將使我們能夠提供人力資源領導者與一個 真正超越市場的解決方案。
獎勵網關，一項高績效的業務
Founded in 2006 in the UK, Reward Gateway is a leading SaaS Employee Engagement platform provider. With more than 4,000 customers and 8 million employees using its solutions in the UK, in Australia and in the US, Reward Gateway is the go-to partner for HR leaders to build better, stronger and more resilient organizations, to make the world a better place to work. Encompassing various engagement tools, from market-leading employee savings, reward and recognition, communications, surveys and well-being solutions, Reward Gateway's offer provides HR managers with full flexibility to engage, motivate and retain their employees.
獎勵網關於2006年在英國成立，是領先的SaaS員工敬業度平臺提供商。獎勵網關在英國、澳大利亞和美國擁有超過4,000名客戶和800多萬名員工，是人力資源領導者建立更好、更強大和更具彈性的組織，讓世界變得更好的工作場所的首選合作夥伴。從市場領先的員工儲蓄、獎勵和認可、溝通、調查和福利解決方案等各種敬業度工具，Reward Gateway的優惠為人力資源經理提供了充分的靈活性來聘用、激勵和留住他們的員工。
Through a holistic and modular platform, Reward Gateway helps create a best-in-class streamlined employee experience fully customized for each organization. Thanks to open API integrations with more than 40 HRIS4, payroll, collaborative tools, benefits and third-party software providers, Reward Gateway offers to employers an automated experience.
通過一個整體和模塊化的平臺，獎勵網關幫助創建一流的簡化員工體驗，完全為每個組織定製。得益於開放式API與40多個HRIS的集成4.、薪水單、協作工具、福利和第三方軟體提供商，獎勵網關為僱主提供自動化體驗。
Reward Gateway has enjoyed continued double-digit revenue growth and consistently high profitability over the recent years. It forecasts to generate £95m revenue and £45m EBITDA in FY2023.
近年來，獎勵網關的收入持續保持兩位數的增長，盈利能力一直保持在較高水平。預計2023財年將產生9500萬GB的收入和4500萬GB的EBITDA。
Enriching Edenred value proposition in the fast-growing Employee Engagement market
在快速增長的員工敬業度市場中豐富Edenred價值主張
Through the acquisition of Reward Gateway, Edenred accesses an already sizeable market with great penetration potential and opportunity to expand further. In the UK and Australia, where Reward Gateway is the market leader, the employee engagement markets, which represent a combined value of £1.9bn in revenue, is still vastly underpenetrated and expected to grow by more than 10% per annum5. The US market alone, where Reward Gateway has started building a position, is worth £4.5bn in revenue.
通過收購獎勵網關，Edenred進入了一個已經很大的市場，具有巨大的滲透潛力和進一步擴張的機會。在英國和澳大利亞，獎勵網關是市場領導者，員工敬業度市場，這兩個市場的總收入為19億GB，仍然嚴重滲透不足，預計每年將增長10%以上5.。僅在美國市場--Reward Gateway已開始在美國建立業務--的營收就達到45億GB。
Structural trends that have emerged in a post-pandemic context, such as an acceleration in remote working and the war for talent, have put greater emphasis on employee engagement, leading HR leaders to leverage benefits and engagement solutions as differentiating factors. On top of that, growing considerations on purchasing power have considerably accelerated the focus on Employee Savings solutions.
大流行後背景下出現的結構性趨勢，如遠端工作加速和人才爭奪戰，更加重視員工敬業度，導致人力資源領導者利用福利和敬業度解決方案作為差異化因素。最重要的是，對購買力的越來越多的考慮大大加快了對員工儲蓄解決方案的關注。
A strategic acquisition fostering Edenred's mission to be the everyday platform for people at work
一項促進Edenred的戰略收購使命成為人們工作的日常平臺
Edenred has successfully extended its portfolio into non-Meal & Food benefits over the years. The Group has notably developed a leading offer in Employee Benefits & Savings platforms in 17 countries, reinforced by the recently announced acquisition of GOintegro in Latin America.
多年來，Edenred成功地將其投資組合擴展到非膳食和食品福利領域。值得注意的是，該集團在17個國家和地區的員工福利和儲蓄平臺方面發展了領先的報價，最近宣佈收購拉丁美洲的GOIntegro也加強了這一點。
The acquisition of Reward Gateway marks a major milestone in the roll-out of the Beyond22-25 strategic plan putting Edenred in the best position to be the most trusted global Employee Benefits & Engagement platform. By widening its Employee Savings offer, integrating new services such as well-being, and expanding its value proposition to Rewards & Recognition solutions, Reward Gateway provides Edenred with a unique opportunity to further accelerate in Beyond Food while enlarging its footprint by entering new promising and fast-growing markets such as the USA and Australia.
收購Return Gateway標誌著Beyond推出的一個重要里程碑22-25戰略計劃使Edenred處於最佳位置，成為最值得信賴的全球員工福利和參與平臺。通過擴大員工儲蓄服務，整合福利等新服務，並將其價值主張擴展到獎勵和認可解決方案，獎勵網關為Edenred提供了一個獨特的機會，進一步加速Beyond Food的發展，同時通過進入美國和澳大利亞等前景看好的快速增長的新市場來擴大其足跡。
A transaction with sizeable expected synergies
一個具有可觀預期協同效應的交易
In addition to integration synergies, the planned roll-out of Reward Gateway in 6 major Edenred countries (Belgium, France, Germany, Italy, Romania, Spain) will considerably increase Edenred's addressed market and drive additional operating revenue. Business synergies will also be driven by boosted cross-selling opportunities with existing clients from both companies and further improve client retention through platform solutions and embedded experience.
除了整合協同效應外，計劃在6個主要埃登雷德國家(比利時、法國、德國、義大利、羅馬尼亞、西班牙)推出的獎勵網關將極大地增加埃登雷德面向的市場，並推動額外的運營收入。業務協同效應還將通過增加與兩家公司現有客戶的交叉銷售機會來推動，並通過平臺解決方案和嵌入式體驗進一步提高客戶保留率。
Reward Gateway is currently held by funds managed by private equity firms Abry Partners and Castik Capital. The acquisition will be fully paid in cash by Edenred, to be financed by a €1bn bridge loan to be later refinanced on the debt capital markets as well as by €0.3bn from available cash at hand. The acquisition will be accretive to Group EPS from 2024 onwards. This value-creative transaction will be strongly accretive on a standalone basis and Edenred will in addition benefit from a strong upside in terms of cost, technological and commercial synergies.
獎勵網關目前由私募股權公司Abry Partners和Castik Capital管理的基金持有。此次收購將由Edenred以現金全額支付，資金將來自10億歐元的過渡性貸款，稍後將在債務資本市場進行再融資，並從手頭可用現金中籌集3億歐元。從2024年起，此次收購將為集團每股收益帶來收益。這項創造價值的交易將在獨立的基礎上實現強勁的增值，Edenred還將從成本、技術和商業協同效應方面的強勁上行中受益。
The transaction is expected to close within a couple of days. Reward Gateway will be fully consolidated in Edenred's financial statements as from closing date.
這筆交易預計將在幾天內完成。自截止日期起，獎勵網關將完全併入Edenred的財務報表。
Brian St. Jean, Partner and Austin Heiman, Principal at Abry Partners said: "It was a pleasure supporting the Reward Gateway team over the last two years as we partnered with Castik Capital to help transform the business into a leading global SaaS engagement platform. We believe the business is poised to continue building on its market-leading position and we are confident that Edenred is the right partner to further accelerate the company's exceptional performance."
Brian St.Jean，合夥人和Austin Heiman，校長阿布裡合作夥伴表示： 很高興在過去的兩年裡支持獎勵網關團隊，因為我們與卡斯蒂克幫助將業務轉型為全球領先的SaaS參與平臺的資金。我們相信，該業務將在其市場領先地位的基礎上繼續發展，我們相信埃登雷德是進一步促進公司卓越業績的合適合作夥伴。“
Michael Phillips, Partner at Castik Capital said: "We'd like to thank the Reward Gateway team as well as Abry Partners for the great collaboration over the past two years. During our partnership, Reward Gateway significantly invested in building out its self-service SaaS offering and further strengthened its position in the UK, Australia and the US. We wish Reward Gateway all the best in the future and will closely follow the continued strong development of the business within Edenred."
邁克爾·菲利普斯，合夥人卡斯蒂克Capital表示：“我們要感謝獎勵門戶團隊以及阿布裡過去兩年的偉大合作夥伴。在我們的合作期間，獎勵網關在構建其自助式SaaS服務方面投入了大量資金，並進一步加強了其在英國的地位。澳大利亞還有美國。我們祝願獎勵網關公司在未來一切順利，並將密切關注埃登雷德公司業務的持續強勁發展。“
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About Edenred
關於埃登雷德
Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting 52 million users and 2 million partner merchants in 45 countries via close to 1 million corporate clients.
Edenred是領先的服務和支付數位平臺，也是職場人士的日常伴侶，通過近100萬企業客戶將45個國家的5200萬用戶和200萬合作商家連接起來。
Edenred offers specific-purpose payment solutions for food (such as meal benefits), incentives (such as gift cards, employee engagement platforms), mobility (such as multi-energy, maintenance, toll, parking and commuter solutions) and corporate payments (such as virtual cards).
Edenred為食品(如用餐福利)、激勵(如禮品卡、員工參與平臺)、移動性(如多能源、維護、通行費、停車和通勤解決方案)和企業支付(如虛擬卡)提供特定目的的支付解決方案。
True to the Group's purpose, "Enrich connections. For good.", these solutions enhance users' well-being and purchasing power. They improve companies' attractiveness and efficiency, and vitalize the employment market and the local economy. They also foster access to healthier food, more environmentally friendly products and softer mobility.
這些解決方案秉承集團的宗旨，“豐富聯繫，永葆美好”，提升了用戶的幸福感和購買力。它們提高了公司的吸引力和效率，並為就業市場和當地經濟注入了活力。它們還促進獲得更健康的食品、更環保的產品和更柔軟的流動性。
Edenred's 10,000 employees are committed to making the world of work a connected ecosystem that is safer, more efficient and more responsible every day.
Edenred的10,000名員工緻力於使工作世界成為一個更安全、更高效、每天都更負責任的互聯生態系統。
In 2022, thanks to its global technology assets, the Group managed some €38 billion in business volume, primarily carried out via mobile applications, online platforms and cards.
2022年，得益於其全球技術資產，該集團管理著約380億歐元的業務量，主要通過移動應用程式、在線平臺和卡進行。
Edenred is listed on the Euronext Paris stock exchange and included in the following indices: CAC 40 ESG, CAC Next 20, CAC Large 60, Euronext 100, FTSE4Good and MSCI Europe.
Edenred在巴黎泛歐證券交易所上市，並被納入以下指數：CAC 40 ESG，CAC Next 20，CAC Large 60，Euronext 100，FTSE4Good和MSCI Europe。
The logos and other trademarks mentioned and featured in this press release are registered trademarks of Edenred S.E., its subsidiaries or third parties. They may not be used for commercial purposes without prior written consent from their owners.
本新聞稿中提及和重點介紹的標識和其他商標是Edenred S.E.、其子公司或第三方的註冊商標。未經擁有者事先書面同意，不得將其用於商業目的。
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CONTACTS
觸點
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Communications Department Emmanuelle Châtelain +33 (0)1 86 67 24 36 emmanuelle.chatelain@edenred.com Media Relations Matthieu Santalucia +33 (0)1 86 67 22 63 matthieu.santalucia@edenred.com |
Investor Relations Cédric Appert +33 (0)1 86 67 24 99 cedric.appert@edenred.com Baptiste Fournier +33 (0)1 86 67 20 73 baptiste.fournier@edenred.com |
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通信部門 Emmanuelle Châ電視節目 +33(0)1 86 67 24 36 郵箱：emmanuelle.chat elain@edenred.com 媒體關係 馬修·桑塔盧西亞 +33(0)1 86 67 22 63 郵箱：matthieu.santalucia@edenred.com |
投資者關係 CÉ驅動程式 +33(0)1 86 67 24 99 郵箱：cedric.appert@edenred.com 巴蒂斯特·福尼爾 +33(0)1 86 67 20 73 郵箱：baptiste.ournier@edenred.com |
1 Enterprise value
2 Post run-rate integration synergies
3 Software as a Service
4 Human Resources Information System
5 From 2023 to 2028
1企業價值
2.運行率後整合協同效應
3.軟體即服務
4.人力資源資訊系統
5.從2023年到2028年
Attachment
依附
- 2023_05_16_PR_Edenred_acquires_Reward_Gateway_vENG_vDEF
- 2023_05_16_PR_Edenred_acquires_Reward_Gateway_vENG_vDEF
譯文內容由第三人軟體翻譯。