Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Vaziva SA ( (FR:ALVAZ) ) just unveiled an update.
Vaziva has acquired Pronis Loisirs to enhance its services for work councils, aiming to become a one-stop shop for employee benefits. This strategic acquisition will allow Vaziva to expand geographically and operationally, leveraging Pronis Loisirs’ established client base and expertise. The merger is expected to generate an additional €7.5 million in revenue over the next 18 months, strengthening Vaziva’s market position and offering a comprehensive service package to work councils.
More about Vaziva SA
Vaziva is a pioneering company in the digitization of employee benefits, offering a next-generation Mastercard® payment card for Social and Economic Committees, HR, companies, and local authorities. The card integrates AI to manage social allocations based on employee spending. Pronis Loisirs, based in Nîmes, specializes in digital solutions for work councils, providing management software, online ticketing platforms, and dematerialized gift cards.
YTD Price Performance: -4.55%
Average Trading Volume: 258
Technical Sentiment Consensus Rating: Sell
See more insights into ALVAZ stock on TipRanks’ Stock Analysis page.