Saeco

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Saeco International Group S.p.A.
Type Private
Industry Household goods
Founded 1981
Founder(s) Sergio Zappella and Arthur Schmed
Headquarters Bologna, Italy
Area served Worldwide
Products Coffee machines
Parent Philips
Saeco was also the name of a road bicycle racing team sponsored by the company.

Saeco is an Italian manufacturer of espresso machines and other electrical goods, head quartered near Bologna.

[edit] History

The company was founded by Sergio Zappella and Arthur Schmed in 1981.[1]

In 1985 they launched the first completely automatic espresso machine for domestic use and in 1999 they bought the historic brand of Gaggia.[1]

In May 2009, the company board agreed to a purchase offer from Dutch manufacturer Philips, owner of the Senseo coffee system, subject to shareholder and bank approval.[2]

[edit] References

  1. ^ a b "History". Saeco International Group S.p.A.. http://www.saeco.com/en/mission-story/mission.html. Retrieved 2011-11-12. 
  2. ^ "Philips brews up deal with Saeco". BBC News. 2009-05-25. http://news.bbc.co.uk/1/hi/business/8066854.stm. Retrieved 2009-05-25. 

[edit] External links

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