(CercleFinance.com) – Elis announced today the acquisition of 100% of Wonway Manufacturing (‘Wonway’) in Malaysia, a group employing some 200 people in 3 specialized laundries, located in the regions of Kuala Lumpur, Penang and Malacca.
In 2023, Wonway generated revenue of 29 million Malaysian ringgit (c. E5.9m) with an EBIT margin of around 15%.
This acquisition will be consolidated in the accounts from July 1, 2024.
Malaysia is a country of about 34 million inhabitants. It ranks among the best emerging countries in terms of business climate and is France’s 4th largest trading partner in Southeast Asia.
‘This is a small acquisition that will allow Elis to familiarize itself with the regional market. Wonway benefits from both the very good profitability of the Cleanroom business and the dynamism of one of the best economies in Southeast Asia,’ commented Xavier Martiré, Chairman of the Board of Elis.
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