Or Smeg owning La Pavoni, or Philips buying the Gaggia brand.
As long as they keep their ethos, it should be good. Breville would give them the business know-how, give them a cash injection so they potentially could expand the business and improve their machines.
However… Breville already makes coffee machines in the same segment. In fact, they acquired a direct competitor on the lower lower/mid product ranges, (Victoria, Grace, Kate, Elizabeth) but there’s no similar on the upper range (MaraX, Bianca, Giulietta). Also Lelit has two divisions: coffee machines and steam irons. I’m assuming the acquisition was for both divisions.
Oh well. Big fish eats small fish.
My main concern will be availability of spares, electronics, gaskets, valves, hearing elements, boilers, pumps, etc.
@DavecUK - how’s that going to affect your relationship with Lelit?