Coffee Service
Italian coffee maker Lavazza acquires stake in machine vendor IVS
April 23, 2024
Lavazza is investing further in the machine vending industry by purchasing a stake in IVS for 185 million euros ($197 million). Lavazza hopes to eventually gain full control of IVS, according to a press release.
"The transaction represents a further investment by the Lavazza Group in the vending industry, in line with its strategy based on an omnichannel approach," a representative for Lavazza said in a statement.
The buyout offer values IVS at 647 million euros and follows an agreement Lavazza signed with the majority shareholder in IVS, giving the coffee-maker the option to acquire full control of IVS by 2027.
IVS Partecipazioni currently controls IVS and will retain its 50.75 percent stake until put and call options are exercised. The first opportunity for this will be in 2026.
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