The deal follows the recent acquisitions of Dutch workplace food and beverage vending company MAAS and Beyers Koffie’s out-of-home business unit
Capriole Coffee Service provides self-serve coffee machines for the office and horeca markets in the Netherlands and Belgium | Photo credit: Capriole Coffee Service
Turnhout-based Miko has acquired Dutch coffee machine manufacturer and roaster Capriole Coffee Service for an undisclosed sum.
Founded in 1975, Capriole Coffee Service provides self-serve coffee machines for the office and horeca markets in the Netherlands and Belgium. The business also supplies packaged coffee, including its own-brand Capriole Coffee, as well as Nescafé, Douwe Egberts and Redbeans.
The acquisition has been structured through Miko’s MAAS subsidiary, the Dutch workplace food and beverage vending company in which it acquired a 92% stake in July 2021.
The deal also further strengthens Miko’s foothold in the European self-serve coffee segment, where it has made key acquisitions in Belgium, the Netherlands and Germany.
Following its majority purchase of MAAS, Miko acquired fellow Belgian coffee roaster SAS for €1.9m ($2.2m) the following November.
In January 2023, Miko assumed the assets and clientele of Beyers Koffie’s out-of-home business unit before fully acquiring German coffee vending machine operator Procon GmbH in September.
“This cross-border acquisition is fully in line with our strategy. Following the acquisition of Beyers coffee’s out-of-home business in December last year, we are now also significantly strengthening our market position in the Benelux office market,” said Frans Van Tilborg, CEO, Miko.
In September 2023, Miko reported broadly positive half-year trading with €143.4m ($152.8m) sales and a €0.8m ($0.85m) profit.
Capriole Coffee Service achieved €12m ($13m) in sales in 2022 and currently employs 60 staff.