European vending giant Selecta Group has acquired UK-based vending operator Express Vending Limited for an undisclosed sum.
David Flochel, CEO of Selecta said: “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 added: “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 of 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.”