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.
Edenred will have 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.
The organisation will provide 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.
Patrick Langlois, managing director of Accor Services, said: "This is a great opportunity for us to complete our integration and offer one single and strong brand to the UK market.
"Our technological expertise gives us an 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.
"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 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."
