Cham, Switzerland, August 17, 2018: Selecta Group B.V. (“Selecta”) today announces that the company has acquired Express Vending Group Limited (“Express Vending”).
Express Vending is a privately-owned, fast-growing UK supplier of premium vending services. The business generated sales of more than £39.0 million in the twelve month period ending July 2018. Founded in 1992, Express Vending is focused on London and the neighbouring counties. It is recognised for the high quality of its service and product offering, achieving strong customer retention. The acquisition is being funded using available liquidity.
The acquisition confirms Selecta’s position as a leading European provider of unattended self-service coffee and convenience food offerings, and further consolidates Selecta’s leading position in the UK.
Express Vending has a track record of double-digit, profitable sales growth and innovation. The company is at the forefront of micro market design in the UK and its Express HUB, with its open plan refreshment area, extensive product range and self-scan kiosks, will complement Selecta’s FOODIES MicroMarket offering. Selecta intends to build upon Express Vending’s competitive strengths to help it continue to grow.
David Flochel, CEO of Selecta, commented: “This transaction is consistent with Selecta’s strategy of supplementing organic growth with carefully-chosen acquisitions and we are very happy to welcome Express Vending and its employees to the Selecta family. Our intention for Express Vending is to let it operate as a stand-alone organisation focusing on London and to allow the team to continue on its well-proven growth trajectory.”
Brian Donne, founder of Express Vending, commented: “This transaction is an exciting next step for Express Vending. Selecta is well-placed to comprehensively support the continued rapid growth for the business under the leadership of Paul Hearne, Executive Director - Express Vending, and his management team. Our customers will benefit from the increased offering that Selecta brings and our employees can be part of an international, successful company with career opportunities.”
- ENDS -
About Selecta Group
Headquartered in Switzerland since 1957, Selecta is a European leader in unattended selfserve coffee and convenience food, 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.
About Express Vending
Founded in 1992 by Brian Donne, Express Vending is headquartered in Hemel Hempstead. Express Vending is a leading premium vending service provider in the UK with a focus on the London and the neighbouring counties. The business provides drinks, snacks and fresh food to over 2,000 large and small organisations. Technology and innovation are at the core of the company with recent advances including cashless payments and extensive use of data analytics. For further information, please visit www.expressvending.co.uk.