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Our Story 2018-07-19T14:54:00+00:00

From a small local company with an ambitious project up its sleeve, to European leader in the vending sector: discover the key milestones of the IVS Group story.

Timeline

1971
1972
1973
1975
1976
1979
1981
1984
1987
1989
1990
1993
2006
2012
2013
2015
2016
2017

1971

Cerea Distributori Automatici Srl is founded by Cesare Cerea, based on his extensive experience in the foodservice world and confidence in the potential of the new business of vending services, with the installation of the first vending machine.

1972

Cesare Cerea and Pietro Gualdi founded Bergamo Distributori Srl, a pioneer company in the Italian vending sector.

1973

Foundation of Cerea & Gualdi Snc.

1975

Biesse Gestioni srl is founded for the management and development of the Brescia and Cremona areas.

1976

Share capital increased to ITL 20,000,000.

1979

The company Gestione Servizi Automatici Srl was founded.

1981

Share capital increase to ITL 100,000,000.

1984

The company Bergamo Distributori Srl is transformed into a S.p.A., after an increase in share capital to ITL 300,000,000. The company Elledi Srl was founded, with a share capital of ITL 20,000,000.

1987

The company Elledi Srl acquires shares in the Spanish company Emmedi SA.

1989

The company Elledi Srl acquires shares in the Spanish company Distribuidores Automaticos Vending SA.

1990

Share capital increase to ITL 500,000,000 for Gestione Servizi Automatici Srl. The company Elledi Srl acquires shares in the company Cofradis SA.

1993

Gestione Servizi Automatici Srl acquires a majority stake in the company O.N.D.A. Srl.

2006

Thanks to a process of acquisitions and mergers, the current configuration of IVS Group takes shape, enabling the Company to become a leader in Italy and expand throughout Europe.

2012

Fine-tuning of the merger operation with Italy 1 Investment SA, a SPAC (Special Purpose Acquisition Company), listed on the Italian Stock Exchange. This operation enables IVS to gain access to the Stock Exchange, confirming of its commitment to growth. Most financial resources associated with this operation are invested in new acquisitions.

2013

IVS Group issues a 200 million Euros High Yield Bond at a rate of 7.125%, expiry in 2020, listed on the MTF Market of the Luxembourg Stock Exchange, with Standard & Poor’s rating, increased to 250 million at the beginning of the following year.

2015

The company issues a new 240 million Euros Bond Retail at an interest rate of 4.5%, expiry in 2022, listed on the MOT Italian Stock Exchange, with the intention of early repaying the previous Bond High Yield and drastically reshaping the cost of its debt.

2016

The company finalises the acquisition of Grup Ibervending S.A., one of the major Spanish players in the vending sector, as well as the Swiss Demomatic: IVS Group confirms its own European growth strategy.

2017

The company finalises the acquisition of Grup Ibervending S.A., one of the major Spanish players in the vending sector, as well as the Swiss Demomatic: IVS Group confirms its own European growth strategy.

Cesare Cerea, Group Chairman, dies in August in the same year. A pioneer of the vending sector in Italy and Europe, he went down in history for developing innovation since the 80s, in technologies and information systems applied to vending.

From the outset of his career, Cesare Cerea was visibly inspired by a far-reaching vision and excelled in aggregating resources and skills required to successfully take on new and tough challenges. Cerea created a group which has pursued a constant strategy of growth and international development, both during previous crisis years and even more so today, with solid foundations and excellent results.