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Buyers Edge Platform Acquires Swedish Group Purchasing Organization, Svenska Krögare Ab

Feb 13, 2023•almost 3 years ago

Acquiring Company

Buyers Edge Platform

Acquired Company

Group Purchasing Organization

WalthamHospitality

Description

Buyers Edge Platform, the leading foodservice procurement platform, has acquired Svenska Krögare AB, a leading provider of Group Purchasing services to Sweden's restaurant, golf restaurant, hotel, cafe, and pub markets. Svenska Krögare AB partners and members can now leverage new opportunities for procurement and access industry-leading technology to unlock insights resulting in more profitable purchasing decisions for their members.

Company Information

Company

Buyers Edge Platform

Location

307 WAVERLEY OAKS ROAD, SUITE 401

Waltham, Massachusetts, United States

About

Buyers Edge Platform is the foodservice procurement platform providing data-driven insights and technology to the foodservice industry. Buyers Edge Platform connects entities throughout foodservice and empowers them to run their businesses more efficiently by leveraging data and analytics. Buyers Edge Platform's mission is to drive the foodservice industry from manual to automated with programs that benefit all stakeholders across the supply chain.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed