E-Coffee Solutions S.r.l. entered into investment agreement to acquire IVS Group S.A. from Ivs Partecipazioni S.P.A., Torino 1895 Investimenti S.p.A. and others for ?650 million.

IVS group SA is an Italy-based food service operator. The company’s core businesses are administrative services and sales of food, beverages and goods through automated vending machines. It provides services, on the basis of multi-year procurement contracts, to private, public customers and travel locations, for the installation, maintenance and refill of vending machines. Its product portfolio encompasses full automatic medium and bigger-sized free standing machines, subdivided on the basis of product categories, such as hot vending machines and mix vending machines, as well as semi- automatic small machines and tabletop coffee machines. As of December 31, 2011, it operated through numerous subsidiaries located in Italy, France and Spain, among others, such as CSH Srl.