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Selecta (company)

Swiss vending machine company

Summary

Swiss vending machine company

Field	Value
name	Selecta
logo	Selecta-Logo.svg
image	Private_vending_high_res.JPG
image_size	180px
industry	Vending and coffee services operator
predecessor
successor
founded	in Murten, Switzerland
founder	Joseph Jeger
defunct
hq_location_city	Cham, Switzerland (canton of Zug)
area_served	Europe
products	Coffee vending machines
revenue
num_employees	10,000
parent	Kohlberg Kravis Roberts
website

Selecta Group is a European unattended self-service retailer founded in 1957 in Murten, Switzerland. It is owned by the American investment firm Kohlberg Kravis Roberts & Co. The company provides coffee and convenience foods in the workplace and public spaces. It is headquartered in Cham, Switzerland. In 2019, the company had approximately 10,000 employees and generated approximately in revenue.

History

In 1950, Joseph Jeger, a Swiss employee working in Basel, went on a business trip to the United States and saw his first vending machines in factories there. He thought it would be a great idea to put similar vending machines in the factory of the company he worked for. Spending all his savings, he ordered five machines from the US producer and was allowed to install them in the factory. Joseph Jeger's employer is still a client of Selecta.

Factory workers used Jeger's machines day in and day out. The American machines were produced with American fittings, making them expensive to maintain. To overcome this, Jeger rented a garage in his hometown of Murten, hired his first employee and produced the first vending machine made in Switzerland. This vending machine was the first to carry the name Selecta in 1957.

Milestones

1957 - Selecta founded in Switzerland.
1985 - Selecta joins the Valora Group.
1997 - Selecta floats on the Swiss Stock Exchange at CHF 515 million.
2001 - Compass Group acquires Selecta for CHF 1.35 billion.
2007 - Selecta is purchased by Allianz Capital Partners for CHF 1.80 billion.
2012 - Selecta partners with Starbucks to launch Starbucks Office Coffee.
2015 - Selecta is purchased by KKR for CHF 3.7bn.
2017 - Selecta acquires Pelican Rouge, a company with operations in eight European countries. Selecta also acquires Pelican Rouge's roasting facility in the Netherlands.
2018 - Selecta acquires Argenta and Express Vending in the UK.

References

(February 3, 2017). "Ellex and Cobalt Advises on BaltCap Acquisition of Selecta's Baltic Operations".
"Selecta Corporate Factsheet Summer 2019". Selecta Group.
(16 May 1997). "Swiss IPOs, Spinoffs Present New Investment Opportunities". Wall Street Journal.
(February 13, 2001). "Compass Group Agrees to Acquire Remaining Shares of Selecta Group". Wall Street Journal.
(May 16, 2007). "Allianz Capital Partners buys Selecta". AltAssets.
(August 13, 2012). "Starbucks and Selecta launch Starbucks Office Coffee".
(October 12, 2015). "Allianz sells vending machine operator Selecta to KKR". Reuters.
(March 14, 2017). "Selecta agrees to acquire coffee vending company Pelican Rouge". FoodBev.
(September 8, 2017). "Selecta completes acquisition of Pelican Rouge".
"KKR-backed Selecta buys Argenta". Unquote.
(August 17, 2018). "Selecta acquires vending solution supplier Express Vending". FoodBev.

Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

service-companies-of-switzerland vending-machine-manufacturers vending manufacturing-companies-established-in-1957 swiss-brands 2015-mergers-and-acquisitions 2007-mergers-and-acquisitions 2001-mergers-and-acquisitions swiss-companies-established-in-1957 swiss-companies-disestablished-in-2007 companies-based-in-the-canton-of-zug kohlberg-kravis-roberts-companies

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