European vending group Selecta Group has acquired UK-based vending solution supplier Express Vending Limited for an undisclosed sum.
Express Vending supplies an extensive range of vending solutions to clients in the UK, such as vending machines, coffee machines, water dispensers as well as the Express HUB, a ‘micro market’ tailored to fit into the headquarters of businesses.
The company registered sales of £39 million in the full year to July 2018, and Selecta says that the addition of Express’ extensive product portfolio and expertise in the field will help it consolidate its position as one of the leading vending groups in the UK.
David Flochel, CEO of Selecta said: “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 organization focusing on London and to allow the team to continue on its well-proven growth trajectory.”
Brian Donne, founder of Express Vending added: “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 of 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.”
At the time of publication, Planet Vending were unable to get hold of Selecta or Express for comment – we’ll update as soon as we can…
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