Italian firm the Ryoma Holding has finalised an agreement to acquire a majority stake in coffee grinders manufacturer Macap.

Financial details of the transaction remain undisclosed.

Based in Venice, Macap produces professional coffee grinders, active across 70 countries in the world.

Macap offers a wide range of equipment including traditional coffee grinders, instant coffee grinders and dynamometric tampers.

The deal could boost Ryoma’s presence in the coffee business sector, as well as food equipment industries.

With its company CMA, Ryoma already has a presence in the coffee business sector.

This acquisition of Macap is part of the Italian group’s investment strategy and is an important development opportunity.

CMA has expertise in the production of espresso coffee machines available in the market under various brands including Astoria, Wega, Storm and Hybrid professional coffee machine brands.

The acquisition of a stake in Macap follows Ryoma’s purchase of Univerbar, a company that specialised in the production of washing solutions.

Separately, last October, Philips launched its café-style automatic espresso machines to brew coffee drinks.

The Philips Espresso series brews five types of coffee beverages including coffee, espresso, Americano, cappuccino and latte macchiato, from freshly ground beans.

Equipped with ceramic burr grinders, the machine can extract maximum flavour from coffee beans without overheating or burning.