Eversys and De’Longhi agree acquisition
Eversys and De’Longhi have entered into a strategic and financial agreement, with De’Longhi set to acquire 40% of the company for an undisclosed sum.
This acquisition is expected to include a two-way option whereby the remaining 60% will be transferred to De’Longhi within the next two to four years.
With the investment in the espresso machine manufacturer, De’Longhi will take its first step into the espresso coffee market, with a focus on the fully automatic machines segment.
Fabio De’Longhi, vice-chairman and CEO of the De’Longhi Group, said: “Eversys brings a wealth of technology, a management team with proven experience in the sector and the ambition to become a leading player in the global professional coffee market. This partnership is also driven by the technological, industrial and distribution synergies, which De’Longhi is able to assure.”
Martin Strehl, chairman and delegate of the board of Eversys, added: “For Eversys the partnership with De’Longhi creates a significant potential of synergies, which will contribute to accelerate and secure our ambitious development plans. In addition, it offers the midterm possibility for the founders and current shareholders to resolve their succession strategy.”
Following the acqutision,which is expected to be complete by mid-July, Eversys will continue to operate as a strategically separate entity, led by the previous management team and remaining located in Switzerland.
