Spar Switzerland has expanded its presence in Switzerland's forecourt business with the acquisition of 60 Avia forecourt stores from Store Service AG.
The acquisition came into effect at the start of this year, adding to the 16 Spar stores already in place at Avia petrol stations across the country.
Store Service AG, which is owned by numerous Avia member companies, employs around 550 staff members, all of whom retained their roles during the acquisition.
This acquisition is a continuation of the relationship between Spar and Avia, which began in 2012.
Spar Switzerland CEO Rob Philipson described the deal as a further example of the "long-standing, excellent cooperation with Avia".
Philipson highlighted that the business was looking to expand its forecourt offering, adding that the company is "constantly adapting to changing purchasing needs of consumers".
Chairman of the board of directors of Store Service Holding AG, Thomas Hill, said that Spar is the "ideal partner" for the future of the Avia forecourt stores.
© 2021 European Supermarket Magazine – your source for the latest retail news. Article by Conor Farrelly. Click subscribe to sign up to ESM: The European Supermarket Magazine.