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New Deal


Announced

Mathem to merge with Oda.

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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Private

e-grocery market

Norway

E-commerce

Cross Border

Majority

Pending

Friendly

Single Bidder

Merger

Synopsis

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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.

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