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2016-10-17

Sodexo : Sodexo strengthens purchasing power with acquisition of PSL, leading procurement provider to the UK Hospitality Industry

Paris, October 17, 2016 - Sodexo, world leader in Quality of Life services,
announced today the acquisition of procurement specialist PSL.

Established in 1993, PSL has become a leader in fresh food procurement in the
UK with its integrated approach of procurement, operations and systems
support. This acquisition will reinforce Sodexo's proposition to deliver
market-leading food cost management solutions to its clients including
real-time e-platforms to facilitate efficient procurement and operational
support to maximise food savings, ranging from menu engineering to waste
management. Moreover, thanks to Sodexo's geographic coverage and diverse
client base, PSL will develop its business across Europe and capitalise on
new product line opportunities, as well as expand its client base beyond the
hospitality sector.

The move, which echoes Sodexo's successful US-based GPO (Group Purchasing
Organisation) Entegra, further cements the Group's long-term strategy of
harnessing business intelligence to identify additional opportunities for
value creation for its clients.

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| Michel Landel, Sodexo Chief Executive Officer, said: |
|"With PSL's market-recognised data solutions and supplier network, we will |
|expand our service offer with new ways to create value for our clients, and |
|extend PSL's business into new geographies and new sectors." |
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| Daniel Wilson, Managing Director of PSL, said of the acquisition: |
|"I and the management team of PSL are delighted to be joining Sodexo, a global |
|leader in the services industry, which will bring fantastic opportunities not |
|only for both businesses but also for our employees, clients and suppliers." |
---------------------------------------------------------------------------------

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
nearly 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 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
420,000 employees throughout the world. Sodexo is a member of the CAC 40 and
DJSI Indices.

---------------------------------------------
| Key figures |
|(as of August 31, 2015) |
|19.8 billion |
|euro in consolidated revenues |
|420,000 |
|employees |
|19th |
|largest employer worldwide |
|80 |
|countries |
|32 |
|,000 |
|sites |
|75 million |
|consumers served daily |
|15 billion euro |
|market capitalization (as of July 7, 2016) |
---------------------------------------------
Contacts

--------------------------------------------------------
| Media |
| Laurence Chiapponi Elsa Mélique |
| |
|Tel: +33 1 57 75 81 80 Tel : +33 1 57 75 80 21 |
|laurence.chiapponi@sodexo.com elsa.melique@sodexo.com |
--------------------------------------------------------
Sodexo acquires PSL
http://hugin.info/157633/R/2049365/766384.pdf

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Sodexo via Globenewswire

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