Evoca Group

Evoca Group, headquartered in Italy, specializes in the development and manufacturing of advanced coffee machines, delivering high-quality coffee experiences across various commercial environments. Founded in 1924, Evoca Group designs and produces innovative coffee solutions. The company underwent a significant change when Lone Star Funds acquired it for USD 689 mn from Equistone Partners Europe and Investcorp in March 2016. CEO Alessandra Piazzalunga currently leads the firm, which has successfully completed 3 deals since its inception, with the latest deal occurring on December 4, 2015.

Evoca Group focuses on producing advanced coffee machines and technologies for out-of-home locations. Their brands, including Gaggia, Necta, and Saeco, offer customizable options for various settings such as offices, hotels, and cafés. Notable recent products include the Necta Barista 500 Pro Touch and Barista 600 Pro Touch, which enhance user interaction and efficiency in coffee preparation. In 2023, Evoca Group reported a revenue of USD 355.

42 mn and an EBITDA of USD 51. 71 mn. The company generates revenue primarily through B2B sales of coffee machines and long-term service agreements within the hospitality and vending sectors, emphasizing strong client relationships. Evoca Group plans to leverage its recent acquisition funding to enhance product development and expand into new markets.

Although specific new products and launch dates are not detailed, the company aims to reach broader markets beyond Europe, targeting regions in Asia and North America for expansion. The recent acquisition funding of USD 689 mn will support these strategic initiatives, which are designed to bolster the company's market presence and product offerings.