Crem International has acquired German Spengler from Maas International, enhancing its product offerings and market presence in the automatic espresso machine sector.

Information on the Target

Crem International (Crem), a portfolio company of Priveq Investment, has successfully acquired German Spengler from Maas International, a prominent vending machine operator. Spengler is well-regarded for its leading products within the automatic espresso machine segment, boasting a turnover of approximately €20 million. This acquisition is expected to significantly enhance Crem's capabilities and market presence in key regions including Holland, Belgium, Germany, and Denmark.

The integration of Spengler into Crem is anticipated to provide access to valuable technological advancements and product innovations, further solidifying Crem's competitive edge in the espresso machine market.

Industry Overview in Germany

The automatic espresso machine market in Germany has witnessed robust growth, propelled by the increasing demand for high-quality coffee experiences in both commercial and residentia