Saeco was a publicly traded firm with a market capitalisation of about 300 million euros prior to the acquisition. The transaction, which had a 200 million euro value, was paid for with a mix of cash and debt. Through the acquisition, Philips gained access to Saeco’s technology, industry knowledge, distribution network, and clientele.
In the Italian region of Bologna, in the little village of Gaggio Montano, Saeco was established. The business began as a maker of espresso machines for use in homes and offices and swiftly rose to the top of the Italian market. Saeco added coffee grinders, vending machines, and other small appliances to their product line over time.
You might be concerned about how long a high-end espresso machine will survive if you’re looking for one. Coffee makers made by the Swiss company Jura are renowned for their dependability and high quality. With regular usage and the right maintenance, Jura machines are made to endure up to 15 years, claims the company.
The Italian company Gaggia, which has been making espresso machines since 1948, is renowned for both its high caliber and longevity. Gaggia equipment is long-lasting and made with the home barista in mind. A Gaggia espresso machine can endure a long time with the right upkeep and care. Italian brands Jura and Gaggia
Although Jura is a Swiss manufacturer, several of its machines are made in Italy. The machines are put together in the company’s production facility in Niederbuchsiten, Switzerland. The brew group and the grinder are two parts that are manufactured in Italy.
On the other side, Gaggia is an Italian company that produces its machines there. In the little village of Robecco sul Naviglio, close to Milan, the company operates a production facility. Gaggia machines are renowned for their premium parts and meticulous attention to detail, two characteristics of Italian manufacturing.
Finally, the 2009 acquisition of Saeco by Philips was a calculated decision that improved the company’s position in the coffee market. Philips benefited greatly from Saeco’s industrial knowledge, technological advancements, distribution network, and customer base. If you’re looking for a high-end espresso maker, Jura and Gaggia are two names you should consider. Gaggia machines are totally created in Italy, in contrast to Jura machines, which are only partially produced there. This contrast reflects Italy’s reputation as a top manufacturing nation.
The article does not mention the caliber of the Gaggia brand because it primarily covers Saeco’s takeover by Philips and its brief history. However, Gaggia is a reputable and well-known brand in the coffee sector and is recognized for manufacturing superior espresso equipment.