Three leading names in the rewards, employee benefits and motivation sectors – Accor Services, Capital Incentives & Motivation and Motivano – are taking the final step to complete a two-year strategic integration, coming together as one company – Edenred – from 1 July 2010.
Accor Services, which acquired Capital Incentives in 2004 and a majority share in Motivano in 2007, is de-merging from the Accor Hotels hospitality group and will list its shares separately on the French stock market as a new company Edenred.
“This is a great opportunity for us to complete our integration and offer one single and strong brand to the UK market,” says Patrick Langlois, Managing Director, Accor Services (UK).
Globally, Edenred will be the leader in prepaid services with a presence in 40 countries, serving 500,000 corporate customers, a network of 1.2 million merchants, and 33 million end users.
In the UK, Edenred will help organisations engage and motivate people to achieve enhanced performance. This proposition brings together three highly respected providers and the widest range of rewards and employee benefits solutions available in the market as one integrated solution, or as individual products that meet a specific need or requirement.
Flexible and voluntary benefits; employee savings; salary sacrifice schemes such as Childcare Vouchers; the Compliments reward brand which offers multi-retail cards, experiences, travel and the UK’s first ethical integrated incentive programme; expense management services; and a communications service developed to maximise returns on investment from any scheme, will all remain within Edenred’s solution portfolio.
“Our technological expertise gives us an unrivalled ability to deliver solutions through paper, card and online platforms. This combined with the knowledge and expertise of our people and adherence to the highest quality standards, enables us to respond to the needs and requirements of our clients with greater relevance, increased speed and a real commitment to collaboration and innovation,” commented Langlois.
“The three entities already have centralised IT, HR, marketing and operations teams, and our Employee Benefits and Incentive and Motivation sales teams are operating across all products and services, so coming together as one is the final logical step to our ongoing planned development. The establishment of Edenred globally really has provided the ideal time to come under one name in the UK and give us a unique position in the market.
“We have more than 80 years combined experience between the three businesses and tens-of-thousands of people benefit from our products and services everyday. Edenred symbolises the next chapter for rewards, benefits and motivation and will become the thought leader and facilitator of next-practice in this space.
“Edenred is unique in the UK market, offering a fully integrated solution or individual products that meet a specific need or requirement. This is more than a new name and logo, and the merger of three companies. It’s the beginning of a new chapter for the rewards, benefits and motivation markets.”