Aalberts Industries N.V. further strengthens position in beverage dispense market
04 November 2016 - 7:30AM
Langbroek, 4 November 2016
Aalberts Industries N.V. has reached an
agreement to acquire 100% of the shares of Vin Service srl (Vin
Service ). The company, based in Zanica (Bergamo), Northern Italy,
generates an annual revenue of approximately USD 30
million.
Vin Service was founded by Daniela and
Riccardo Guadalupi who built the company together with the second
generation. Vin Service is an innovative company, mainly
specialised in the design and manufacturing of dispensing equipment
for all kinds of beverages, globally servicing its many key
customers.
The portfolio of Vin Service is
complementary and will strengthen our global market position in the
beverage dispense market. We see many possibilities for the Vin
Service product range and technologies in especially North America
and Asia, utilising our Key Account contacts.
The existing management team, Vittoria
and Giulio Guadalupi, will continue to lead the company and work
closely together with the management of our Dispense Technology
business.
After a period of strong organic growth
and several acquisitions in the beverage dispense market, we now
have reached an annual revenue of approximately USD 100 million in
Dispense Technology. We see many opportunities for further growth
in the coming years, especially through innovations and custom made
solutions for our Key Accounts.
The results of Vin Service will be
consolidated as of 1 January 2017 after finalising the necessary
formalities. The acquisition will directly contribute to the
earnings per share and will be financed from existing credit
facilities.
More information can be found
at
www.vinservice.it
More information (from 8 am CET):
+31 (0)343 56 50 89 |
info@aalberts.com
Press release in pdf
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Aalberts Industries N.V. via Globenewswire
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