Selecta Group acquires Express Vending
17 August 2018
Selecta Group B.V. (“Selecta”) has acquired Express Vending Group Limited (“Express Vending”).
Express Vending is a privately-owned, fast-growing UK supplier of premium vending services. The business generated sales of more than £39.0 million in the twelve month period ending July 2018. Founded in 1992, Express Vending is focused on London and the neighbouring counties. It is recognised for the high quality of its service and product offering, achieving strong customer retention. The acquisition is being funded using available liquidity.
The acquisition confirms Selecta’s position as a leading European provider of unattended self-service coffee and convenience food offerings, and further consolidates Selecta’s leading position in the UK.
Express Vending has a track record of double-digit, profitable sales growth and innovation. The company 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 intends to build upon Express Vending’s competitive strengths to help it continue to grow.
David Flochel, CEO of Selecta, commented: “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 organisation focusing on London and to allow the team to continue on its well-proven growth trajectory.”
Brian Donne, founder of Express Vending, commented: “This 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 - Express Vending, 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.”