Cimbali Group has announced that it has acquired the entire share capital of Vassalli Service AG as of 2 October 2023.
The company has been the distributor of the Cimbali Group’s brands in Switzerland for more than six decades and is an integral part of the sale and maintenance of professional machines for coffee and milk-based drinks and coffee-related equipment.
The current CEO, Marc Schneider, will retain his role and also become a member of the Board of Directors together with Enrico Bracesco, the General Manager of the Cimbali Group, who will now also assume the role of Chairman of the Board of Directors of Vassalli Service.
“This investment is yet another step in the expansion envisaged in our long-term strategic plan and reinforces our presence in the heart of Europe, in a key market such as Switzerland for both traditional and fully automatic machines. Our aim is to maintain the standards and reputation that Vassalli has built up over the decades, enhancing our brands and establishing an excellent service infrastructure throughout the country,” says Bracesco.
A new role also awaits Stefano Caverzaschi, who will become Regional Director for Western Europe. His responsibilities will include overseeing the European subsidiaries and managing the operations of the Swiss subsidiary. Caverzaschi has spent a decade with the Cimbali Group, first as Export Area Manager and then as Regional Director for Distributors.
This acquisition reflects Cimbali Group’s commitment to expanding its international presence. It brings the group’s global presence to 12 international offices, in addition to its four manufacturing centres in Italy and its dedicated Slayer manufacturing facility in the United States.
For more information, visit www.gruppocimbali.com