FRANCE - Evolem buys Solemco

The platform acquisition is the first stage in a buy-and-build expansion strategy.

The acquisition was supported by Da Participations, an investment vehicle belonging to Prodia Plus, a company which specialises in food and drink automatic distribution. Da Participations will also participate in future add-on acquisitions.

Da Finance already holds Gobmatic, another automatic distribution company, purchased in July.

Solemco, based in Brest, has 5700 automatic distribution points which generated a turnover of EUR 20m. The combined turnover of Solemco and Gobmatic is EUR 26m

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• Topics
• Expansion
• France