Eden Springs completes OCS Latvian acquisition
Eden Springs, the leading workplace drinks provider, has acquired KafijasAutomati, a leading office coffee solutions (OCS)and drinks vending business serving about 450 corporate customers in Latvia. The well-established business has an annual turnover of approximately €650,000 and enjoys a market share of around 13 per cent of the OCS and vending activity in the Baltic country.
Based in the capital city of Riga, KafijasAutomati provides OCS services to names such as Honda, LG Electronics, Sony, PwC and the Latvian State University. Its acquisition by Eden, which provides total workplace drinks solutions across 15 European countries, will enable Kafijas to expand its range of services to its customer base.
This OCS acquisition is Eden's first in Latvia and supports the international group's ultimate goal to offer an appropriate total drinks solution - including coffee, tea and water - across all of its geographical markets. The KafijasAutomati deal follows hot on the heels of other acquisitions including The Café in the Netherlands, Garraways in the UK, Edelvia in Switzerland and Drinkso in France.
Raanan Zilberman, CEO of Eden Springs, comments: "We explored several potential acquisitions before identifying Kafijas as the best fit for Eden, in terms of growth potential, service ethos and culture. This acquisition is a wonderful opportunity for us to establish a solid coffee and hot beverage business segment in the region and to create a great basis for future growth."
Notes to Editors
About Eden Springs Group
Eden Springs is Europe's leading provider of drinking water solutions for the workplace, offering a broad range of bottle-fed water coolers, plumbed-in water coolers and PET bottles. The company established its European presence in 1997 and, in less than eight years, became the leading brand for water coolers, with the widest geographical coverage in Europe’s water cooler industry. With a network of branches and water sources across 15 countries, Eden Springs bottles and distributes more than 368 million litres of water annually and services more than 600,000 clients. Headquartered in Switzerland, Eden Springs has 2,300 employees.
|Facts and Figures about Eden Springs Group
|Turnover: 250 million euros
||More than 900 service vehicles
|27 million 5G bottles sold annually
|Presence in 15 countries
|26 sources of mineral water