Photo-Me International to acquire SEMPA for €20m.

Photo-Me International, which operates, sells and services a wide range of instant-service vending equipment, to acquire Sempa, a company incorporated in France which specialises in commercialised self-service fresh fruit juice equipment, for €20m. Commenting on the acquisition, Serge Crasnianski, Chief Executive Officer & Deputy Chairman of Photo-Me, said: "We are excited to announce this acquisition which will mark Photo-Me's entry into the $154bn fresh fruit and vegetable juice market. The growing importance people place on their health and wellbeing makes it an exciting time to enter this market, with the health benefits of juice driving its popularity and potential. We have the opportunity to become a leader in this industry based on our existing commercial relationships and expertise in instant vending equipment innovation. Sempa has been highly successful in the French market and we look forward to replicating this initially across our network in Europe. The acquisition represents part of our ongoing strategy to develop new and complementary products to drive the long-term growth of Photo-Me."