N&W has announced the completion of the acquisition of Saeco Vending S.p.A.
The deal – which grants N&W the licenses to use the well-known Saeco and Gaggia brands in the professional coffee machines market – will enable N&W to grow substantially in the Office Coffee Service (OCS) segment, strengthen its Vending & Ho.Re.Ca. lines and accelerate its sales development in strategic markets, such as Central Europe, Eastern Europe and Asia.
N&W expects to leverage on the industrial, commercial and innovation capabilities of Saeco in order to keep on delivering the highest quality coffee experience out of home and enhance Saeco’s competitive positioning through its integration with N&W.
“A new and exciting journey for N&W and Saeco starts today’, N&W CEO Andrea Zocchi said. ‘These two companies, which are complementary in a variety of market segments and geographical areas, have built their success on innovation and customers satisfaction. I would like to take this opportunity to welcome aboard all Saeco’s employees. I am confident that, together, we will harness the capability and experience of both companies to further strengthen our market leadership.”
N&W is the world leader in the production of automatic snack and beverage vending machines and is a major international player in both the HoReCa and the Office Coffee Services sectors. N&W was established in 2000, from the integration of Necta & Wittenborg, but benefits from experience that dates back more than 90 years. The N&W Group has approximately 1,400 employees and expected revenues for 2016 of over EUR 300 million. N&W has its headquarter in Valbrembo – Bergamo (Italy). The N&W Group has 6 manufacturing sites and 15 operating affiliates throughout the world.
The UK operation, under MD Dave Ward, is based in Bilston in the West Midlands. For more information on N&W’s range of vending, OCS and HoReCa machines, click on the link here or call 01902 355000.