Sodexo Reinforces Integrated Offering, Deepens Pharmaceuticals Expertise With Investment In Mentor Technical Group
PARIS and GAITHERSBURG, Md., April 24, 2017 /PRNewswire/ -- Sodexo, world leader in Quality of Life services, announced today it is taking a significant minority stake in Puerto Rico-based Mentor Technical Group (MTG), a leader in life sciences engineering, to add technical services and regulatory compliance to its current integrated services offer for pharmaceutical clients.
MTG provides a complete portfolio of technical engineering and regulatory compliance solutions to the FDA-regulated industry. MTG's experts ensure clients meet Good Manufacturing Practice (GMP) regulations for the pharmaceutical market and fulfill all global validation, calibration and metrology program requirements. In addition, MTG has a comprehensive hard FM and integrated building solutions services offering.
Sylvia Métayer, CEO, Worldwide Corporate Services segment at Sodexo, said: "Facilities management in scientific and pharmaceutical environments requires highly specialized expertise and training. Combining MTG's expertise and track record working in regulated environments with Sodexo's leading facilities management offering will ultimately deliver the best compliant solution at the best value to our clients in the sector."
Julian Rodriguez, Partner, MTG, said: "There is real chemistry between Mentor and Sodexo. We have worked together for the past several years on multiple projects and today we are taking the partnership to the next level. Our companies have aligned vision and values: our business is about supporting life science organizations to get medicines to people as efficiently possible, while Sodexo seeks to improve people's quality of life.
Sodexo's leadership and expertise in integrated facilities management along with their global reach will enable us to expand our services beyond our current geographies. Partnering with Sodexo will bring extended personal and professional opportunities for our teams and broader, more integrated solutions for our clients."
Karen Pleva, Global Head of Pharmaceutical and Life Sciences at Sodexo, said: "Investing in our capability growth in scientific and technical services is a crucial pillar of our strategy for Pharma and Life Sciences. Partnering with MTG allows us to accelerate our capability development in services that are critical to our clients; in turn enabling our clients to release more and more time back to research, development and production. There's already a strong alliance between MTG and Sodexo, as we've worked with them across several clients and have gained valuable insights from their expertise. In addition, there is a strong cultural fit and the reinforced offering will benefit our clients and lead to new opportunities for both companies."
Following this investment, Sodexo will have two seats on MTG's five-person board. MTG's current leadership team stays in place.
About Mentor Technical Group
Over the past 16 years, MTG has evolved into Puerto Rico's largest multi-disciplinary service provider to the Life Sciences and regulated industries, giving companies a competitive edge by partnering with them to provide a broad array of cost effective solutions from unsurpassed expertise in critical utilities management, calibration, validation, metrology and compliance services to managing entire facilities. With a staff of over 500 dedicated resources, Mentor supports 9 of the top 10 Life Sciences companies in the world. Each of Mentor's disciplines is supported by subject matter experts, giving clients access to specialised technical services at pace.
About Sodexo
Founded in 1966 by Pierre Bellon, Sodexo is the global leader in services that improve Quality of Life, an essential factor in individual and organizational performance. Operating in 80 countries, Sodexo serves 75 million consumers each day through its unique combination of On-site Services, Benefits and Rewards Services and Personal and Home Services. Through its more than 100 services, Sodexo provides clients an integrated offering developed over 50 years of experience: from food services, reception, safety, maintenance and cleaning, to facilities and equipment management; from Meal Pass, Gift Pass and Mobility Pass benefits for employees to in-home assistance, child care centers and concierge services. Sodexo's success and performance are founded on its independence, its sustainable business and financial model and its ability to continuously develop and to engage the commitment of its 425,000 employees throughout the world. Sodexo is a member of the CAC 40 and DJSI Indices.
Key figures (as of August 31, 2016)
20.2 billion euro in consolidated revenues
425,000 employees
19th largest employer worldwide
80 countries
75 million consumers served daily
17.3 billion euro in market capitalization (as of April 12, 2017)
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SOURCE Sodexo
