Azkoyen acquires Coffetek

Azkoyen Industrial SA, a leading European manufacturer of automatic vending machines has purchased 100 per cent of the share capital of Coffetek Ltd and its subsidiary Wittern UK Ltd.
Established in 1993 with its headquarters in Portishead, Bristol (UK) Coffetek is well known in the European market for its range of instant and fresh-brew machines. Coffetek specialises in the manufacture and distribution of a wide range of free-standing and table-top machines for the vending and Horeca markets and has a significant market share in UK, northern European markets, and distributes its products in the Middle and Far East.
Coffetek has built its reputation over many years by careful attention to product quality, product design, and specialist after-sales service. Such care has generated a solid base of customers in the UK market and in several key international accounts.
“Coffetek is a prestigious brand with an excellent team specialising in the very dynamic hot drinks market segment which is of particular interest to ourselves”, said Paul Ballard, Manager of the Azkoyen Industrial business. “From what we have seen in the market we know the company has an excellent name for innovation, quality and after sales service. We are really pleased to welcome the Coffetek team to the Group as I believe they will make an important contribution to our future development in the European market.”
“As part of the Azkoyen family we look forward to an exciting future, being able to offer a complete product range to our UK customers and to develop the wider European market. The combined strength of both the Coffetek and Azkoyen brands will allow us to offer significant additional benefits to both new and existing customers,” explained Paul Pavey, Managing Director Coffetek Ltd.
The acquisition is in line with the Azkoyen Group’s strategy of building a strong market presence in vending through carefully targeted acquisitions as well as organic growth. The addition of the Coffetek product range is complementary in every respect to the current products of Azkoyen.
The acquisition of Coffetek follows a similar strategic rationale to the 2006 purchase of Coges Spa, based in Schio, northern Italy that specialises in cashless and specialist payment systems for the vending market.