Selecta to acquire Gruppo Argenta
Selecta agrees to acquire the Italian vending operator.
The acquisition of Argenta is expected to strengthen Selecta’s position as the pan-European industry leader with an enlarged presence in 16 countries, with a strong presence in a key market like Italy.
Argenta has a high quality, diversified and well-established Italian client and customer base and widely recognised as a leader in coffee services and vending innovations including micro markets, cashless payment technologies and healthy on-the-go food retail offerings.
The transaction is subject to customary closing conditions, including relevant antitrust clearance. Closing of the acquisition is expected to take place in the first quarter of 2018.