Cham, Switzerland / Milan, Italy, February 02, 2018: Selecta Group B.V. (“Selecta”) today announced that the company has completed the acquisition of Gruppo Argenta S.p.A. ("Argenta"), a leading vending and coffee service provider in Italy, from Motion Equity Partners.
Argenta’s Italian operations ideally complement Selecta’s country portfolio as Selecta currently has no presence in the country. Furthermore, Argenta adds a high quality, diversified and well-established Italian client and customer base. The company is widely recognized as a benchmark for operational excellence and a leader in coffee services and vending innovations including micro markets, cashless payment technologies and healthy on-the-go food retail offerings.
David Flochel, CEO of Selecta, commented: “The acquisition gives our companies a unique platform and will allow us to benefit and learn from Argenta’s best-in-class Italian operations on a European level. With our majority shareholder KKR, we have a strong investor by our side who supports us in growing and developing our business in Europe.”
The combined company has pro forma revenues of over EUR 1.5 billion and pro forma EBITDA of approximately EUR 240 million excluding expected synergies in excess of EUR 45 million from Selecta’s integration of Pelican Rouge B.V.
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About Selecta Group
Headquartered in Switzerland since 1957, Selecta is a leading self-serve retailer operating in 16 European countries. An annual turnover of EUR 1.5 billion is a testament to the passion and dedication of more than 9,000 highly skilled Selecta employees, providing great quality coffee brands and convenient food and beverages concepts for the workplace, on-the-go as well as hotels, restaurants and cafes (“HoReCa”). For further information, please visit www.selecta.com.