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New Deal


Announced

Completed

REEF Technology completed the acquisition of iKcon.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

food restaurant

Private

United Arab Emirates

Single Bidder

Digital Services

Acquisition

Completed

Friendly

Majority

Synopsis

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REEF Technology, an operator of delivery kitchens, logistics, and proximity hubs, completed the acquisition of iKcon, a tech-enabled cloud kitchen operator. Financial terms were not disclosed. ”We are excited to welcome iKcon and its team members to REEF’s global proximity platform. The Middle East and North Africa are crucial markets in the rapidly evolving F&B and retail industries, and our acquisition of iKcon will position REEF to become a leader in the region," Tommy Rosen, REEF Head of Development.

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