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Press release: Sodexo improves service provision to customers and consumers with acquisition of Dutch start-up XXImo

17 March 2016

Paris, 17 March 2016 – We are proud to announce that XXImo, based in ‘s-Hertogenbosch, the Netherlands will be gradually taken over by Sodexo Benefits and Rewards Services, one arm of global service provider Sodexo.

The acquisition enables Sodexo Benefits and Rewards to help its customers raise employees’ quality of life to a higher level by means of an innovative mobility platform for commuting and business travel. Organisations can then offer their employees new benefits for added convenience and efficiency in their daily work. The acquisition will enable a rapid roll-out of XXImo to other countries, starting with Germany.

XXImo is the company behind the XXImo Mobility Cards, a single solution for commuters and business travellers to travel hassle-free by car, taxi, train, tram, bus, shared car, public transport bicycle and plane, which also makes it easy to pay for parking, hotels and even business lunches.

XXImo has developed its own platform and commercial network, which means the process of payment, invoicing and cost allocation is fully digitised. Thanks to the acquisition by Sodexo, XXImo can continue to invest in the platform, extend its commercial network and further develop its product portfolio. In this way, customers are offered an even better experience, including a large group of Sodexo customers.

Philippe Symons, CEO of Sodexo Benefits and Rewards Services Belux, explains: ‘The acquisition of XXImo means a further improvement in our already solid offer of benefits and mobility solutions for employees. Thanks to our solutions, our customers and users can focus on their main tasks and don’t have to worry about the logistics aspects. Our solutions guarantee convenience and efficiency in their daily work and a better work-life balance – essential factors that improve the quality of life of employees in today’s competitive economy.’

Patrick Bunnik, CEO of XXImo, agrees: ‘Following our success in the Netherlands and Belgium, where we started operating in 2013, we planned a phased international roll-out. We are confident that this acquisition by Sodexo will enable us to implement that international roll-out much faster. The fact that we are now part of a service organisation that operates globally definitely means added value for our new and existing customers, merchants and resellers.’

Bunnik remains CEO of XXImo and will continue to work with Lex Broekhuizen (CFO) and a dedicated team from the company’s headquarters in ‘s-Hertogenbosch in the Netherlands.

About XXImo

Founded in 2011, XXImo offers its users a digital platform on which they can plan, manage and pay for all forms of business travel. XXImo’s objective is to make mobility easy – not just for travellers but also for the employees tasked with the financial processing of the expenditures. XXImo offers solutions for refuelling, billing, car and bicycle sharing and paying road tolls and parking charges, while giving users maximum convenience in using public transport and taxis and booking meeting rooms, hotels and flights. All transactions performed via XXImo are shown on a single detailed invoice, which employers can use for their VAT returns. XXImo customers can specify online where the card may be used and what for, and set expenditure levels and regional limits for each type of transaction. www.xximo.com

About Sodexo

Sodexo was founded in 1966 by Pierre Bellon and has since become the worldwide leader in the market for services to improve quality of life – a crucial factor in the performance of individuals and organisations. Sodexo operates in 80 countries, where it helps 75 million consumers every day with its unique combination of On-site Services, Benefits and Rewards Services and Personal and Home Services. With more than a hundred services, Sodexo has an integrated offering based on over fifty years of experience: from meal services, reception services, maintenance and cleaning to the management of buildings and equipment; from meal vouchers, gift vouchers and cheques for staff mobility to home help and caretaker services. Sodexo’s success and achievements are based on the company’s independence, its sustainable business model and its ability to continuously develop and engage its 420,000 employees worldwide. www.sodexo.com

Sodexo key figures (as at 31 August 2015)
€19.8 billion consolidated revenues
420,000 employees
19th biggest employer worldwide
80 countries
32,000 client locations
75 million consumers every day
€14 billion market capitalisation (12 January 2016)

Contact

Press
Alejandra Monsalve
Tel.: (+33) 157 75 85 95
alejandra.monsalve@sodexo.com

Analysts
Virginia Jeanson
Tel.: (+33) 157 75 81 29
virginia.jeanson@sodexo.com

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