The leading coffee service company in the Baltics Coffee Address Holding has signed agreement to purchase 75% of shares in Romanian company Eur Comtur S.R.L.

Eur Comtur S.R.L is one of the leading vending operator in Romania with extensive park of coffee and snack machines. The Company has experienced management team, and its strategy is complimentary to Coffee Address operations. Adding this Company to the Group will help to widen the use of already developed sales concepts and its IT infrastructure as well as ensure access to bigger markets.

To complete the acquisition, the Group must receive necessary government approvals and execute closing actions per agreement.