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Sodexo acquires Morris Corporation in Australia, strengthens leading position in mining business

Paris, November 2, 2017 - Sodexo, world leader in Quality of Life services, announced today the acquisition of the contracts and certain assets of the Morris Corporation business.

Morris Corporation currently provides catering, facilities management and maintenance services for major mining and oil & gas firms in Australia. Morris' presence in the Eastern area complements Sodexo's existing footprint in the country's western region. This acquisition will significantly expand Sodexo's market share in Australia, reinforcing the company's number one position in the mining sector, and building on its track record as a provider of industry-leading integrated facilities management services.

Following the acquisition, the current management team of Morris and its 1,200 employees will transfer to Sodexo.

Michel Landel, Sodexo CEO, said: "Both Sodexo and Morris were founded in 1966 as family-owned catering firms. We share similar values including a commitment to indigenous communities, and a focus on developing sustainable local businesses wherever we operate. We look forward to working together to improve quality of life for our clients and consumers as we develop exciting new business opportunities in Australia".

Fiona Berkin, Morris Corp CEO, said: "We are delighted at the opportunity this presents, for growth and further value creation. Our shared values and focus on safety are a big part of why this deal makes sense and will be a success, delivering benefits to our clients and consumers and increased opportunities across our combined workforces."

About Sodexo
Founded in 1966 by Pierre Bellon, Sodexo is the global leader in services that improve Quality of Life, an essential factor in individual and organizational performance. Operating in 80 countries, Sodexo serves 75 million consumers each day through its unique combination of On-site Services, Benefits and Rewards Services and Personal and Home Services. Through its more than 100 services, Sodexo provides clients an integrated offering developed over 50 years of experience: from food services, reception, safety, maintenance and cleaning, to facilities and equipment management; from Meal Pass, Gift Pass and Mobility Pass benefits for employees to in-home assistance, child care centers and concierge services. Sodexo's success and performance are founded on its independence, its sustainable business and financial model and its ability to continuously develop and to engage the commitment of its 425,000 employees throughout the world.
Sodexo is a member of the CAC 40 and DJSI Indices.

Key figures (as of August 31, 2016)
20.2 billion euro in consolidated revenues
425,000 employees
19th largest employer worldwide
80 countries
75 million consumers served daily
17.1 billion euro market capitalization (as of July 5, 2017)

About Morris Corporation

Morris Corp has 50 years' experience providing quality remote village and asset management services to the mining and construction sectors. Morris is an established service provider of accommodation management, catering services, cleaning services and facilities management that is trusted to maintain the highest standards no matter what the conditions. Resource focused with a specialisation only in remote translates into a company that has tried and tested methods to offer solutions tailored to suit specific projects. Morris Corp revenues for FY17 (1 July 2016 to 30 June 2017) were 152 million Australian dollars (100 million euro).

Contacts

Media Investors
Laura SCHALK
Tel: +33 1 57 75 85 69
laura.schalk@sodexo.com
Virginia JEANSON
Tel: +33 1 57 75 80 56
virginia.jeanson@sodexo.com

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http://www.globenewswire.com/NewsRoom/AttachmentNg/ae64c7d7-1e24-4b9a-87eb-47981663631d

Source:Sodexo S.A.