IVS Group S.A. grows in Italy
IVS Group S.A.Acquisition of Point Service S.r.l. business in Sicily
IVS Group informs that its subsidiary IVS Sicilia S.p.A. has signed an agreement regarding the acquisition of the business of Point Service S.r.l. active in the vending sector in Sicily region, presently controlled by Mr. Michele Spera. The business acquired generates annual sales of around Euro 2.1 million and was valued (provisional price) around Euro 2.75 million. This transaction is consistent with IVS Group consolidated strategy, aimed at increasing logistic density, efficiency and quality service in the markets served.
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 business is mainly carried out in Italy (79% of sales), France, Spain and Switzerland, with around 190,000 vending machines, a network of 79 branches and around 2,700 employees. IVS Group serves more than 15,000 corporate clients and public entities, with around 850 million vends per year.
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