Eden Springs, has acquired the Spainish water cooler company, Todagua, strengthening its offering in southwestern Europe.
Established in 2002, Todagua operates from its headquarters in Madrid and serves more than 4,000 offices through its provision of HOD water and coffee provided in partnership with coffee company, illy coffee.
As well as increasing its revenue in Spain by nearly €2m, the acquisition will also enhance Eden’s efficiency in the country as both companies already share the same supplier base and have warehouses in neighbouring areas.
The integration of companies is expected to be completed by autumn 2012.
Raanan Zilberman, chief executive officer at Eden Springs, said: “This integration provides real opportunity to further improve our renowned water and coffee offer to workplaces and we’re excited about our future operations in Spain.
“There has been great cooperation between the management teams of both Eden and Todagua to ensure the success of our latest acquisition.”
Eden also recently confirmed the acquisition of Dutch coffee service company, Thécafé, as a further step forward in its longer-term strategy to roll-out a total coffee and water service across all of its 16 European markets.