De’Longhi, based in Trieste, Italy, purchased a 40% stake in the Eversys Group in 2017, and the new deal involves the acquisition of the remaining 60%. Del’Longhi said the 100% value of the acquisition is approximately US$160 million.
De’Longhi, which owns numerous small kitchen appliance brands sold globally, had already been engaged in financial and distribution support of Eversys, which was founded by Jean-Paul In-Albon and Robert Bircher in 2009.
“We are excited about our new important step in the world of coffee,” De’Longhi CEO Massimo Garavaglia said in a company announcement this week. “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 realization of their dream.”