The De’ Longhi Group has reached an agreement to take total control of Eversys, the fast growing Swiss group operating in the premium segment of professional espresso coffee machines.

The De’ Longhi Group has previously been a minority share holder and has now acquired the remaining 60% stake.

The Eversys group, founded in 2009 and based in Sierre, is operating in the engineering and marketing of professional espresso coffee machines, with a specific focus on full-automatic models, for which the company has developed a technology that positions it at the high end of the reference sector.

Massimo Garavaglia, chief executive of De’ Longhi, commented: “We are excited about our new important step in the world of coffee. At Eversys we admire the passion for excellence, quality and the strong ability to innovate, values that guided the founders Jean Paul In-Albon and Robert Bircher in the realisation of their dream. All elements that we share and which have been the engine of the collaboration developed since the beginning and which will continue to be the basis of our common future projects .”

The closing of the transaction, subject to the approval of the antitrust authorities, is expected within the first half of this year.

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