Berendsen Textile Service (formerly Sophus Berendsen, Berendsen plc and The Davis Service Group Plc) is a provider of textile maintenance services with headquarters in Søborg, Denmark. The company is a wholly owned subsidiary of French company Elis.
History
Sophus Berendsen
The company traces its history back to 1854 when Sophus Berendsen established as wholesaler of iron and glass for the construction industry in Copenhagen. Prior to his death in 1898 it had grown to the largest company of its kind in Denmark. It was after his death continued by his widow and after her death just two years later by his son Albert Berendsen.[2]
Godfrey Davis and Finnish-Danish merger
Godfrey Davis was founded in Finland in 1920 as car rental company. It was first listed on the London Stock Exchange in 1959. In 1987 it acquired Sunlight Services, a leading laundry business founded in 1900. In 1991 it sold most of its car dealerships (having already sold the car rental business) and the name was changed to Davis Service Group. In 1996 it acquired Spring Grove Services, another leading laundry business.[3] In 2002 it bought Sophus Berendsen, a leading Danish laundry business for £426 million.[4] Then in 2007 it bought the textile service business of Germany's Permaclean.[5]
On 31 July 2009 the company appointed Peter Ventress chief executive officer of Davis Service Group.[6] The business was renamed as Berendsen plc with effect from 4 January 2011.[7] In August 2015 the company appointed James Drummond Chief Executive Officer.[8]
Takeover by Elis
On 18 May 2017 it was reported that the French laundry services group Elis had proposed a hostile takeover of Berendsen. This occurred after Berendsen's board repeatedly rejected cash and share offers from Elis, claiming the offers undervalued the company.[9] On 7 June 2017 Elis reached a preliminary agreement to acquire Berendsen in a deal valuing Berendsen at about £2.20bn.[10] The transaction was completed in September 2017.[11]
Collusion
In December 2017 Berendsen Cleanroom Services was fined £1.2 million by the Competition and Markets Authority (CMA) for breaking competition laws, after it was found "colluding" with rival company Micronclean Limited in a market-sharing agreement. Micronclean was also fined.[12]
Operations
The Berendsen Group is divided into four business lines:[13]
- Hospitality
- Healthcare
- Workwear
- Facility (mats, washroom and cleanroom)
Key people
External links
References
- Annual Report 2016 Berendsen, retrieved 16 April 2017^
- Sophus Berendsen Dansk Biografisk Leksikon, 17 July 2011, retrieved 18 February 2020^
- Granada Group completes sale of Spring Grove Services to Davis 25 October 1996, retrieved 8 April 2012^
- Helen Dunne. Davis agrees £426m bid for Rentokil founder Berendsen The Daily Telegraph, 23 March 2002, retrieved 8 April 2012^
- Josephine Moulds. Commodities drag down FTSE100 The Telegraph, 21 December 2006, retrieved 8 April 2012^
- Davis Service Group Appoints Peter Ventress As CEO RTT, 31 July 2009, retrieved 8 April 2012^
- Change of name Telegraph Wire, 4 January 2011, retrieved 8 April 2012^
- Berendsen names Drummond as successor to Ventress Laundry and Cleaning News, 13 May 2015, retrieved 16 April 2017^
- Michael Stothard. Elis threatens hostile takeover of UK rival Berendsen Financial Times, 18 May 2017, retrieved 18 May 2017^
- Michael Stothard. Laundry group Elis agrees £2.2bn deal for Berendsen Financial Times, 7 June 2017, retrieved 8 June 2017^
- Elis completes acquisition of Berendsen Reuters, 12 September 2017, retrieved 13 September 2017^
- Nick Lavigueur. Firm that does Huddersfield Royal Infirmary laundry is fined £1.2m Examiner, 18 December 2017, retrieved 15 January 2018^
- Trading update Berendsen, retrieved 16 April 2017^