GRAND DUCHY OF LUXEMBOURG – IVS Group S.A. informs that the subsidiary IVS Italia S.p.A has signed the agreement for the acquisition of the business of Enopanorama S.r.l. related to the distribution of the professional line of Nespresso™ coffee capsules, active in Lazio (Rome included), Abruzzo and Umbria.
The provisional value of the acquisition is equal to Euro 7.1 million, equivalent to 4.5 times the EBITDA. With this further regional acquisitions the partnership between IVS and Nespresso covers now the largest part of the Italian territory.
IVS Group S.A. is the Italian leader and the second player in Europe in the business of automatic and semi-automatic vending machines for the supply of hot and cold drinks and snacks (vending).
The business is mainly carried out in Italy (82% of sales), France, Spain and Switzerland, with around 184,000 vending machines, a network of 80 branches and more than 2,600 employees.
IVS Group serves more than 15,000 corporate clients and public entities, with approximately 800 million vends per year.