Announced
Synopsis
Mathem, an online grocery store, agreed to merge with Oda, Norwegian grocery delivery startup. Financial terms were not disclosed. "For us at Mathem, the focus for a long time has been to increase the efficiency of the business and I am incredibly proud of how far we have come, above all thanks to our automated facility in Larsboda. However, we are still chasing profitability in a market that is tough due to challenging macroeconomic conditions. The merger means that we now get a completely different scalability and can further increase efficiency thanks to Oda's world-leading logistics platform, and in this way sharpen our customer offer even more, especially in terms of price and quality," Johan Lagercrantz, Mathem Managing Director.
Principals
Show Details & Financials
Sort
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.