Disposal of Davidson Trahaire Group

Edenred announced today that it has sold its Australian subsidiary Davidson Trahaire, a human resources consultancy specialized in employee assistance programs and other corporate psychology services.

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The business, which does not have any issue volume, contributed €18 million to consolidated revenue in 2010.

The transaction was based on a total consideration of AUD 48.5 million, or around €35 million.
The disposal was carried out as part of the strategic review of Edenred’s non-core businesses, and follows on from the sale completed in Q2 2011 of both the Group’s 45% interest in US-based WorkPlace Benefits, which is also specialized in employee assistance programs, and the divestment of its corporate concierge and personal assistance operations in France. These businesses, which did not have any issue volume, contributed respectively €9 million and €5 million to consolidated revenue in 2010.

Those two transactions were based on a total consideration of €7 million.

Download the press release (PDF, 301.4 KB)

About

Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting more than 52 million users and 2 million partner merchants in 45 countries via close to 1 million corporate clients.

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).

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.

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.
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.

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.