Fench Food Group Adds in Mexico

French food services group Sodexo has agreed to acquire Mexican food, meal voucher and card company Servi-Bonos for EUR60m ($75m), it says. The buy will be financed out of the company’s existing cash balance and undrawn credit facilities. It is made by Sodexo’s motivation solutions business, one of the company’s main areas, which includes vouchers, cards and checks for food, restaurant meals, culture and transport. Company officials were unable to comment on the advisors used. The purchase is subject to regulatory approvals. It follows the acquisition of on-site food services and corporate meal voucher system company Puras do Brasil for EUR525m last year.