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Press release

Development 28 May 2019

Edenred acquires Italian employee engagement platform Easy Welfare

Edenred, the global leader in payment solutions for the working world, announces the acquisition of Easy Welfare, the number one operator of employee engagement platforms in Italy. Edenred leverages its leading position in the Italian employee benefits market, to step up the development of this fast-growing offering. With this transaction, Edenred is addressing the increasing demand from companies that want to improve employees’ loyalty, motivation and purchasing power by offering them a wide range of benefits via simple and flexible digital solutions.

Edenred has acquired all outstanding shares in Easy Welfare, the number one Italian supplier of employee engagement platforms, with more than 600,000 users. Easy Welfare has been active since 2006, and in 2018 it generated revenue of €11 million.

The transaction will enable Edenred Italy, the leader in the Italian employee benefits market, notably thanks to its Ticket Restaurant program, to step up the development of its Welfare offering in the fast-growing employee engagement platforms segment. In particular, the Group will be able to leverage its Flexible Benefits digital platform, which combines ease of use for both companies and employees, and a large choice of available services.

Employee engagement platforms are digital tools that allow companies to offer their employees – both simply and flexibly – a number of benefits including gift cards and promotional offers within a network of e-tailers. They also enable employers to cover employees’ personal expenses such as childcare. In this way, the platforms aim to improve employee loyalty, motivation and purchasing power. This market offers bright prospects, as it is largely untapped and expanding with a growing number of corporate clients that wish to strengthen their employees’ engagement.

The Group has already positioned itself on this segment in other European countries, such as France with its ProwebCE offering, the United Kingdom with Edenred Savings and the Czech Republic with Benefity Café. More recently, Edenred entered the Belgian employee engagement platforms market following the acquisition of Merits & Benefits and Ekivita. Edenred plans to seize opportunities in this market segment, which is adjacent to its existing Employee Benefits business, by capitalizing on the agility and efficiency of its global technology platform, its unique expertise and its capacity to carry out targeted investments that create value.

Through this transaction, Easy Welfare employee users will now have access to the largest Italian acceptance network, which is made up of more than 20,000 of Edenred’s partner merchants, e-tailers and service providers. With this type of offering, Edenred can align itself as closely as possible with businesses’ new needs and with the high demand for flexible usage from their employees,” said Arnaud Erulin, Edenred’s Chief Operating Officer, Europe, Middle East and Africa.

We are delighted that Easy Welfare is joining Edenred, the global leader in employee benefits. This acquisition will give our clients access to a more exhaustive offering while ensuring that they can continue to take advantage of high quality services,” said Federico Isenburg, founder of Easy Welfare.

The transaction, representing an enterprise value of around €53 million, will be accretive to Edenred’s EBIT as of 2019.

Easy Welfare will be fully consolidated in Edenred’s financial statements as from June 1, 2019. 


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.

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