Express Vending is a privately-owned UK supplier of vending services that generated sales of more than £39m ($49.7m) in the 12-month period ending July 2018. Founded in 1992, Express Vending is focused on London and the neighboring counties.
Selecta said the acquisition is being funded using available liquidity.
Building on strengths
The Swiss company said Express Vending is at the forefront of micro market design in the UK and its Express HUB, with its open plan refreshment area, extensive product range and self-scan kiosks, will complement Selecta’s Foodie’s micro market offering.
Selecta said it intends to build upon Express Vending’s strengths to help it continue to grow.
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, said the 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, 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.”
About Selecta Group
Headquartered in Switzerland since 1957, Selecta, which has 10,000 employees and an annual pro forma turnover of €1.4bn ($1.6bn) is a provider of self-service coffee and convenience food, operating in 16 European countries and serving more than 10m customers daily.
In partnership with global brands such as Starbucks, Lavazza, illy and Costa, Selecta provides coffee and convenience food and beverages concepts for workplaces, public spaces, hotels, restaurants and cafes.