Vending

IVS Group acquires Italy vending business

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October 25, 2021

IVS Group S.A., through its subsidiary IVS Italia S.p.A., will acquire the businesses of Geos S.r.l., controlled by Perugia, Italy based Liomatic S.p.A., according to a press release.

The preliminary price of the businesses acquired is around Eur 3.6 million ($4.18 million), including real estate property in Sassari, subject to possible adjustments, depending on the actual profitability of the businesses acquired.

IVS Group, based in Seriate, Italy, has around 80 branches operating throughout Italy, Spain, France and Switzerland.