Selecta Group to acquire Gruppo Argenta

Cham / Milan, 02. February 2018, Selecta Group B.V. (“Selecta”) today announced that the company has completed the acquisition of Gruppo Argenta S.p.A. ("Argenta"), a leading vending and coffee service provider in Italy, from Motion Equity Partners.

Selecta Group B.V. (“Selecta”) today announced that the company has completed the acquisition of Gruppo Argenta S.p.A. ("Argenta"), a leading vending and coffee service provider in Italy, from Motion Equity Partners.

David Flochel, CEO of Selecta, commented: “The acquisition gives our companies a unique platform and will allow us to benefit and learn from Argenta’s best-in-class Italian operations on a European level. With our majority shareholder KKR, we have a strong investor by our side who supports us in growing and developing our business in Europe.”

The combined company has pro forma revenues of over EUR 1.5 billion and pro forma EBITDA of approximately EUR 240 million excluding expected synergies in excess of EUR 45 million from Selecta’s integration of Pelican Rouge B.V.