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Announced

Completed

FELFEL completed the acquisition of Snäx.

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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Domestic

Majority

smart fridges

Switzerland

Private

Completed

Single Bidder

Acquisition

Household Appliance

food technology

Friendly

Synopsis

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FELFEL, a provider of employee catering in Switzerland, completed the acquisition of Snäx, a start-up company in the field of smart fridges. Financial terms were not disclosed. "In order to meet the high standards of quality in these complex market conditions, it is essential to achieve critical mass. We have been following the developments of Snäx since its inception and are convinced that the young company is not only an ideal addition for us, but can also be seamlessly integrated into FELFEL. We look forward to this challenge and to welcoming new customers and team members to our family," Anna Grassler FELFEL Co-CEO.

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