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Lavazza has entered a deal to increase its stake in vending machine operator IVS Group with the aim of purchasing the entire business, reports state. If the sale is completed, Lavazza will gain an additional 28.36% stake in IVS for a price of €185 million, resulting in IVS being delisted from the stock exchange. According to Reuters, Lavazza already holds a 20.4% stake in IVS, after it acquired shares in the company totalling €75 million in 2020, and has offered to buy the remaining stock from other investors at €7.15 per share. The buyout offer, which values IVS at €647 million, comes after Lavazza signed an agreement with the majority shareholder of IVS, giving the Italian coffee giant the option to take full control of IVS from 2027. IVS is currently controlled by IVS Partecipazioni, which will maintain its 50.75% stake until the put and call options are exercised, a process that can only occur after the approval of IVS's 2026 financial statements. FoodBev has approached Lavazza for comment.