Coffee machine manufacturer Evoca Group has agreed a deal to acquire Barcelona-based Quality Espresso (QE) for an undisclosed sum.
Quality Espresso markets and manufactures a range of manual espresso machines to the Spanish foodservice industry, and a range of espresso machine equipment under the Futurmat, Visacrem, Italcrem, Mairali and Gaggia brands.
Evoca claims that the acquisition greatly strengthens its position in the foodservice market, the company’s primary goal since it was formally rebranded as Evoca Group by N&W Global Vending in December in order to pursue a coffee-focused business strategy.
The acquisition expands Evoca’s portfolio of espresso machines, and will allow the company to leverage QE’s experience in the sector in order to develop innovative new technologies.
Evoca claims that its goal is to further develop QE’s operations by upgrading its manufacturing site in Barcelona, while retaining the company’s core business structure.
Andrea Zocchi, chief executive officer of Evoca said: “The acquisition of Quality Espresso strengthens our development strategy in the foodservice sector and complements the planned relaunch of the iconic Gaggia brand.
“We look forward to beginning the integration process that will allow Evoca to approach the market with an enriched proposal in terms of expertise, quality products and services on a wider, global scale.”
Jorge Roure Boada, chairman of the board of directors of Quality Espresso added: “We are delighted to have reached an agreement with the Evoca Group, as it will facilitate a global expansion of our business and provide new opportunities for all of our employees and customers.”
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