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Announced

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Ardian-backed Celli completed the acquisition of a 30% stake in T&J Installations.

Synopsis

Ardian-backed Celli, a global provider of systems and accessories for beverage dispensing, completed the acquisition of a 30% stake in T&J Installations, a provider of technical service support for the drinks dispense industry. Financial terms were not disclosed. "The acquisition of T&J Installations will allow us to bring our innovative IOT solutions and advanced technical assistance services to the first market in the world for draft beer consumption, and will enable our customers to make the draught business even more efficient," Adalberto Pizzi, Celli Director of Group Asset Management Division

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