Evoca Acquires VE Global Solutions Assets In Latest Expansion Move

Posted On: 3/6/2018

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Andrea Zocchi

VALBREMBO, Italy -- Evoca S.p.A. has announced its acquisition of the assets of VE Global Solutions, LLC (Cleveland, OH). VE Global has been the North American distributor of professional coffee equipment branded Necta, Wittenborg and SGL since 1965.

The acquisition was carried out by Evoca USA, LLC, a newly-formed subsidiary of Evoca SpA. Evoca USA will take over all the activities and distribution business of VEGS, and will have responsibility for the North American market.

Under the terms of the agreement, all VEGS staff will be transferred to Evoca USA. Evoca USA will operate from VEGS's current site.

Evoca, formerly N&W Global Vending S.p.A., manufactures equipment for the coffee service and foodservice markets. Its rebranding as Evoca late last year was the latest step in a process that began in 2000, when pioneer vending machine manufacturers Wittenborg (founded in Odense, Denmark in 1924) and Necta (originally Zanussi, established in Valbembro, Italy in 1968) merged to form N&W Global.
 
NEAR AND FAR: Necta's Krea Touch (left) and Wittenborg 9100 are among leading brewer lines from Evoca, which has acquired the assets of VE Global Solutions. VEGS was the North American representative for Evoca lines, including Krea and Wittenborg. Evoca also markets brewers under the Cafection, Saeco, Gaggia, SGL, Newis and Ducale brands.

Over the past two years, the organization has acquired professional coffee equipment manufacturers Saeco, Gaggia and and Ducale. It also has entered into a joint venture with Les Entreprises Cafection (Cafection Enterprises, Quebec City, QC, Canada), the leading producer of bean-to-cup brewers for the OCS market in North America. Evoca now markets its products under eight brands: Necta, Wittenborg, Saeco, Gaggia, Ducale, SGL, Newis and Cafection. Evoca's products are marketed through operating affiliates or dealers in more than 100 countries.

The acquisition was carried out by Evoca USA, LLC, a newly-formed subsidiary of Evoca SpA. Evoca USA will take over all the activities and distribution business of VEGS, and will have responsibility for the North American market.

Under the terms of the agreement, all VEGS staff will be transferred to Evoca USA. Evoca USA will operate from VEGS's current site.

Andrea Zocchi, chief executive officer Evoca SpA, explained that "The acquisition of the assets of VEGS and the creation of Evoca USA, following the recent partnership with Cafection Ventures Inc, further reinforces our development strategy in the North American market. Through a direct presence – closer to our customers – we will be able to offer products and services in line with their expectations, build a credible presence and develop espresso coffee technology in the significant United States market."

Today, Evoca has 1,800 employees, eight production sites and six research and development centers. It has registered more than 500 patents.