Accor Services has acquired a 62% stake in benefits provider Motivano UK and the current management of Motivano UK will remain shareholders at 38%.
Accor Services bought the stake previously owned by venture capital firm Geocapital Partner.
The current management team will continue to develop Motivano within Accor Services, enabling their clients, including many FTSE 500 companies to fully understand the value of their total reward package.
Accor Services expects a return on capital employed (ROCE) of more than 20% by 2012.
Serge Ragozin, chief operating officer, at Accor Services, said: “Motivano’s know-how and employee focus offerings further strengthen Accor Services’ position as a leading player in the employee benefits, incentive and motivation markets and will give us access to individual users through the installed platforms.”
Managing director of Motivano UK, Alistair Denton, said: “The backing of a strong strategic partner will improve our profile in a growing marketplace and enables us to continue to focus on growth and client service.
“Accor Services will bring significant international capability to Motivano which will enable the acceleration of its European Growth.”