ACP is part of Munich-based global insurance and finance group Allianz, which has 60 Million customers worldwide. Allianz, which employs over 166,000 in 70 countries, is known around the world as the sponsor of the Allianz Arena, the home of Munich's two football teams, Bayern and 1860, as well as the America'a Cup and the Williams Formula One team.

"We are delighted that the sale of Selecta to ACP has been completed," says Andy Mee, managing director for Selecta in the UK and Ireland. "We are very much looking forward to working alongside our new owners to develop and grow our business and build on our market leading position."

Selecta is the largest food and drink vending services operator in Europe. With more than 5,000 employees in 24 countries who operate more than 150,000 vending machines.