Vending giant Azkoyen buys Spanish espresso machine maker Ascaso for $17.2 million Daily Coffee News by Roast Magazine

Ascaso’s headquarters in Barcelona, ​​Spain. Azkoyen group press photo.

Spanish multinational retail and payment technology company Azkoyen is acquiring family-owned Spanish espresso equipment company Ascaso for 17 million euros ($17.2 million at the time of this writing).

The acquisition of Barcelona-based Ascaso represents Azkoyen’s first major player in the premium traditional manual and semi-automatic espresso segment, adding to a range of products and services already offered by Azkoyen Group brands in fully automatic sales and payment systems.


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The Ascaso Big Dream Espresso Machine won Best New Product at the Specialty Coffee Association’s World of Coffee event in 2018. Daily Coffee News photo by Lily Kubota.

In an announcement of the deal, Azkoyen Group Chairman Juan José Suárez said Azkoyen plans to leverage Ascaso’s expertise in the high-end traditional machine segment for “very ambitious”.

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The acquisition of Ascaso comes just a month after Navarra-based Azkoyen Group named Darío Vicario Ramírez its new CEO and announced aggressive growth plans across its three main business divisions: coffee and vending; payment technology; timing and safety.

Ascaso, meanwhile, recently made its first big dip into the US market at the end of 2020 with the launch of Ascaso-USA, in partnership with Olympia, Washington-based coffee equipment supply company Espresso Units.


The Ascaso i-Steel grinder. File photo 2020 courtesy of Ascaso.

In 2018, the company founded by Jesús Ascaso in 1962 won the Specialty Coffee Association’s Best New Product award for its Big Dream espresso machine, which features all stainless steel interior components.

José Luis Ascaso, the son of Jesús Ascaso who transformed the company into a large-scale manufacturer of espresso machines in 1997 while exponentially increasing the production capacity and product catalog of the Barcelona-based company, will join the Azkoyen Group, according to the companies.

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