The deal, which is expected to close before the end of 2025, will see Paris-based Sodexo double its footprint in Spain and bolster its presence in the country’s healthcare and education sectors
French contract catering and facilities management group Sodexo has acquired Madrid-based Grupo Mediterránea, one of Spain’s leading food service providers, for an undisclosed sum.
Founded in 1988, Mediterránea serves more than 265,000 meals daily in cafeterias across 1,700 hospitals, offices, leisure centres and college campuses, generating annual revenues of €350m ($399.5m). Alongside Spain, the group also has smaller operations in Portugal, Chile and Peru.
In a press release, Sodexo said the deal will double its footprint in Spain and significantly strengthen its position in the country’s corporate, healthcare and education sectors.
“This acquisition reflects our long-term strategy to lead in food services and boosts our capabilities in key markets. We are excited to grow and consolidate our strategic position in Spain, a high-potential market,” said Sunil Nayak, Europe President, Sodexo.
The acquisition is subject to customary regulatory approvals and is expected to be finalised by the end of 2025. The deal will see Madrid-based investment firm Portobello Capital exit its shares in Mediterránea.
Paris-based Sodexo achieved 5% year-on-year sales growth in the 12 months ended 31 August 2024 to reach €23.8bn ($25.7bn), with the group’s food services and facilities management segments achieving 9.3% and 5.5% sales growth, respectively.
