IVS Group S.A. informs that has signed an agreement regarding the acquisition of the majority stake (80%) of Demomatic S.A. active in the vending business in Switzerland, mostly in the Italian speaking region of Canton Ticino, and with one branch in the French speaking region of Romandie.
Demomatic generates annual sales of over CHF 3 million and was valued with a multiple of 5 times the EBITDA, net of financial debt and working capital.
The closing is subject to some legal requirements to be completed within the year end by some of the sellers.
The transaction will allow IVS Group to reinforce its presence in the interesting Swiss market, which was started around 2 years ago, with a small local initiative.
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 155,000 vending machines, a network of 75 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.
