Who owns Saeco

The Saeco brand belongs to the Dutch electronics company Philips since July 2009. In 2017 Philips sold the Saeco Professional division (also with the Gaggia brand) to N&W Global Vending SpA, an Italian Bergamo based company leader in vending machines for drinks and snacks, born in 2000 from the integration of Necta and Wittenberg and controlled by a US fund, Lone Star. The production of professional coffee machines is carried out in the historical site of Gaggio Montano near Bologna. The domestic coffee machine division remains in the Philips group. In November 2017 N&W changes its name to Evoca Group.