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De’ Longhi buys 40% of Eversys, with an option to buy the remaining 60%

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TREVISO, Italy – The De’ Longhi Group reached an agreement for the acquisition of the 40% of Swiss Group Eversys, with the option to acquire the remaining 60% through a “put & call” mechanism to be exercised by June 30, 2021 (although not earlier than 2 years following the closing date).

This agreement marks the entry of the De’ Longhi Group in the professional espresso coffee machine market, with a focus on the fully automatic models.

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The Eversys Group, founded in 2009 in Switzerland and headquartered in Ardon, is active in the design and integrated production of espresso coffee makers for professional users and had revenues of about 17.3 million swiss francs (CHF) in 2016 (+48% year-on-year).

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