Azkoyen, S.A. acquired Vendon Ltd from BaltCap Latvia Venture Capital Fund K.S. managed by AS BaltCap, AS Pirmdiena, Draugiem Group and others.
July 01, 2022
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Azkoyen, S.A. (BME:AZK) acquired Vendon Ltd from BaltCap Latvia Venture Capital Fund K.S. managed by AS BaltCap, AS Pirmdiena, Draugiem Group and others on July 1, 2022. Azkoyen, S.A. acquired 53.66% from AS BaltCap and 16.01% stakes from AS Pirmdiena and Draugiem Group each and remaing from individuals. Vendon in 2021 generated EUR 3.042 million in turnover and earned EUR 598,460 in profit. Consultants at the transaction were Porta, Cobalt and EY.
Azkoyen, S.A. (BME:AZK) completed the acquisition of Vendon Ltd from BaltCap Latvia Venture Capital Fund K.S. managed by AS BaltCap, AS Pirmdiena, Draugiem Group and others on July 1, 2022. Aurelio Orrillo of J&A Garrigues, S.L.P. acted as legal advisor for Azkoyen.
Azkoyen SA is a Spain-based company primarily engaged in the manufacture of vending machines. The Companyâs activities are divided into three business segments: Vending Machines, which focuses on the production and sale of vending machines for tobacco, coffee, cold and hot drinks, as well as snacks; Payment Systems, which is responsible for the design, manufacture and marketing of solutions for cash management, connectivity and cashless systems, such as automatic coin selection, counting and returning, as well as credit card readers, and Technology and Security Systems, which offers software and hardware for access control and time recording. The Company distributes products under various brand names, such as Azkoyen, Coffetek, Azkoyen Payment Technologies, Coges and Cashlogy, as well as primion. It operates numerous subsidiaries in Europe and Latin America.
AZKOYEN, S.A. 
