Lifco acquires DVG De Vecchi Srl in Italy
Lifco has signed an agreement to acquire a majority of the shares in DVG De Vecchi Srl . The company is a leading manufacturer and distributor of components for coffee machines. DVG De Vecchi has 39 employees and reported net sales of approximately MEUR 16 in 2020. The company is based closed to Milan, Italy. DVG De Vecchi will be consolidated in Business Area Systems Solutions, division Service and Distribution. Consolidation is expected to take place in July, 2021. The acquisition will not have any significant effect on Lifco’s