Edenred accelerates the extension of its Employee Benefits solutions in the Employee Engagement arena by acquiring leading platform Reward Gateway

Edenred accelerates the extension of its Employee Benefits solutions in the Employee Engagement arena by acquiring leading platform Reward Gateway

Edenred, a leading digital platform for services and payments and worldwide leader in Employee Benefits, announces the acquisition of 100% of the share capital of Reward Gateway, a leading Employee Engagement platform with strong positions in the UK and in Australia, and also present in the United States. Reward Gateway offers a unified suite of solutions ranging from employee savings, rewards & recognition to well-being and corporate social animation, empowering Human Resources departments to build the right combination of engagement tools.

Reward Gateway is a fast-growing company that has successfully built a strong, highly profitable and sustainable business model. This acquisition, amounting to £1.15bn¹ and valuing Reward Gateway at 20x EV/EBITDA 23e², marks a major milestone in Edenred’s Beyond_22-25 strategic plan. By consolidating Reward Gateway’s strong leading positions and extending its geographical scope in selected key countries, Edenred will accelerate the strengthening of its Employee Benefits value proposition in line with its mission to be the most trusted global Employee Benefits & Engagement platform.

Bertrand Dumazy, Chairman and CEO at Edenred, said: “We are pleased to announce the acquisition of Reward Gateway and are looking forward to welcoming their teams in the Edenred world. By integrating this leading employee engagement platform, we are substantially extending our employee benefits offer to provide HR managers with a comprehensive range of solutions helping them make their organization more attractive to talents. While Reward Gateway is bringing us leading positions in the UK and in Australia, as well as a promising presence in the US market, we will be looking at scaling Reward Gateway outside of its current footprint in selected key countries. With a business model based on an efficient and fully scalable SaaS³ platform, Reward Gateway has been consistently delivering strong double-digit growth and high margins. The combination of our people, our solutions, our customer bases and our technologies offers high potential for synergies. This acquisition is a unique opportunity for Edenred to accelerate on the implementation of its Beyond strategy. A decisive move matching our mission to be the most trusted global employee benefits and engagement platform.”