Thursday 25 July 2024
  • La Cimbali

IVS Group S.A announces acquisition of Italian regional player Prod & Pan

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GRAND DUCHY OF LUXEMBOURG – IVS Group S.A. informs that its subsidiary IVS Italia S.p.A. has acquired the vending business of Prod & Pan S.r.l., a regional player active in Sardinia region, with sales of approximately Euro 1.2 million.

The provisional price of the acquisition is equal to around Euro 1.5 million, subject to adjustments that will be made at the end of the verification period on the business acquired.

About IVS Group S.A.

IVS Group S.A. is the Italian leader and the third 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 (85% of sales), France, Spain and Switzerland, with around 155,300 vending machines, a network of 76 branches and around 2,400 employees.

IVS Group serves more than 15,000 corporate clients and public entities, with more than 700 million vends per year.

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