Xeros signs agreement with WashCo in UK

LONDON: Xeros Technology Group, the developer and provider of water saving and filtration technologies with multiple commercial applications, has signed an agreement with WashCo Ltd.

WashCo has been granted the exclusive rights to take over the servicing of Xeros’ hospitality laundry customers in the UK. The Group’s hospitality laundry division is branded Hydrofinity.

WashCo, based in Newbury, UK specialises in the specification, installation and lifecycle maintenance of industrial laundry equipment throughout the UK. Following the merger of three former industry specialists: Armstrong Laundry, HughesPro and SLS, WashCo is now one of the largest sales and service providers of commercial laundry equipment in the UK.

Following similar agreements in the US announced at the end of 2018, this agreement reflects the Group’s strategy of reducing its physical presence in markets to zero and implementing its licensing model.

Mark Nichols, Chief Executive of Xeros, said: “Following our recent agreements in the US, initially to outsource our service obligations and then to sell our customer lease contracts, this is another step in the migration of our Hydrofinity business towards a full licensing model.”

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