GRAND DUCHY OF LUXEMBOURG – IVS Group informs that on July 1st, in the context of the agreements of the Business Combination announced between the end of 2021 and the beginning of 2022, it has been completed the financial closing of the acquisition of around 94.6% of Liomatic and 100% of GeSA.
The total equity price for the shareholdings acquired is equal to around Euro 192 million (with possible adjustments for the actual net debt at closing date), financed with the proceeds of the rights issue amounting to Euro 186 million closed on June 2022 and other cash available.
As communicated in previous press releases, the shareholders of Liomatic and GeSA reinvested over 70% of the price, becoming shareholders of IVS Partecipazioni SpA.
From the integration of IVS, Liomatic and GeSA will arise a new group with a stronger leadership in Italy and additional growth prospects also in other European countries, with 2021 pro forma sales of around Euro 552 million.
The new group major size and integrated skills, will allow to improve the service quality to million of daily consumers, the logistic efficiency and products and process innovation, contributing to represent the Italian excellence in ther food & beverage sector, with special regard to the espresso coffee market.
The similar origins and the principles shared by the founders and management of the group companies, such as the orientation to growth in a context of economic and financial sustainability, the enhancement of human resources and the attention to local communities, are and will remain the reference values of the group.
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 core vending business is mainly carried out in Italy (81% of sales), France, Spain and Switzerland, with around 230,000 vending machines; the group has a network of 87 branches and around 2,700 employees. IVS Group serves more than 15,000 corporate clients and public entities, with over 650 million vends in 2021.
