Europe’s leading provider of office water and coffee solutions, Eden Springs, has acquired five business from Nestle Waters Direct (NWD), a division of Nestle Waters, for an undisclosed sum.
Chief executive officer of Eden Springs, Raanan Zilberman, commented: “The acquisition is an additional important milestone in realizing Eden’s vision to be every European workplace’s favorite water and coffee service provider. The deal will strengthen both our brand’s presence and position. The new scale will enable Eden to continue to invest in its service excellence and product innovation for our current and future customers in Europe.”
Already servicing offices with water and/or coffee across 15 countries, this acquisition provides the Swiss-headquartered company with important new markets in Germany, Russia and Portugal, and enhanced positions in Poland and the Netherlands.
The NWD acquisition will increase Eden’s installed client base from over 650,000 to approximately one million. The deal is expected to increase Eden’s annual turnover by circa 30%, from over €280m to approximately €370m, and strengthens its brand within the European water and coffee market. The acquisition reflects Eden Springs’ confidence in the present and future growth of the European water and coffee market following the recession.
