Luigi Lavazza SpA, an Italian coffee company, has entered into an agreement to acquire vending machine manufacturer IVS Group. This is reported by foreign media.
Earlier, Lavazza, together with IVS Partecipazioni, the majority shareholder of IVS, sent an offer to acquire the company's share capital for 651.5 million euros (7.15 euros per share, which is 11.2% higher than the closing price on April 23, 2024).
Upon completion of the transaction, IVS shares will be excluded from the stock exchange listing.
As part of the deal, Lavazza plans to expand the IVS business and strengthen its position in the European Union and the Italian market for tougher competition internationally with other major coffee producers.
Upon completion of the transaction, IVS Partecipazioni will indirectly own a controlling stake in the combined company, while Lavazza will receive 39-49% and the opportunity to acquire full control of the company starting in 2027.
Luigi Lavazza SpA is an Italian coffee company headquartered in Turin (Italy).
IVS Group is an operator in the field of public catering. The company provides vending machines that provide convenient access to food and beverages for consumers. The headquarters is located in Seriata (Italy).
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