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Press release

Development 16 October 2017

Edenred consolidates its leadership position in Central Europe

The Group announces the acquisition of Vasa Slovensko, Slovakia’s number three player in meal vouchers.

The acquisition of Vasa Slovensko makes Edenred the market leader in meal vouchers in Slovakia, where it has been operating since 1994. Founded in 1996 and currently ranked third among local players, Vasa Slovensko generated a transaction volume of more than €120 million from 16,000 public- and private-sector companies in 2016, bringing additional revenue to nearly 2,000 partner merchants. With Edenred Slovakia and Vasa Slovensko offering a complementary fit in terms of geographical footprint and client segments, the acquisition will enable the Group to expand and diversify its existing base in a buoyant market. 

As Vasa Slovensko currently offers only paper vouchers, the transaction provides an opportunity for corporate clients, employee users and partner merchants to benefit from Edenred’s digital expertise, as demonstrated by the more than 70% of the Group’s global transactions now made using digitized solutions.

We are confident that the combination of our business with the world leader in employee benefits solutions will give our clients and their employees access to a wider range of services,” said Libor Daněk, co-founder of Vasa Slovensko.

Position as world leader strengthened

The acquisition is part of the Fast Forward strategic plan, which notably aims to increase the Group’s penetration rate in its Employee Benefits markets.

The acquisition will allow Edenred, which already operates in Bulgaria, Hungary, Poland, Romania, Slovakia and the Czech Republic, to consolidate its leadership position in Central Europe, a region that is enjoying an economic boom. Our teams are successfully implementing an ambitious digital transformation in the region geared toward meeting the expectations of local businesses, their employees and partner merchants,” said Arnaud Erulin, Chief Operating Officer, Northern Europe, Central Europe, France and Belgium.

The transaction will be accretive to earnings from 2018.


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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