Accor Services France SAS, the France based company which designs and manages business solutions for corporate and public institutions and a subsidiary of Accor SA, the listed France based operator of hotels and provider of corporate and tourism services, has acquired Exit Group, the Czech Republic based provider of meal vouchers, for a total consideration of EUR 15m.

Exit Group reported annual 2008 issue volume of EUR 77m. The acquisition will enable The acquisition is in line with Accor Services growth strategy and enables it to gain a dominant position in the Czech Republic market for meal vouchers. Accor Services can also gain access to Exit Group’s 165,000 end users. Post acquisition, Exit Group’s products will be re-branded under the Ticket Restaurant name and Accor Services Czech Republic’s issue volume will reach an estimated at EUR 250m.

~ Mergermarket

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