Announced
Completed
Financials
Tags
Cross Border
food restaurant
Private
United Arab Emirates
Single Bidder
Digital Services
Acquisition
Completed
Friendly
Majority
Synopsis
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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