Refreshment focuses on the water dispenser/cooler, office coffee service and vending sectors, while also taking an in-depth look into products for vending from bottled water and drinks, to snacks and confectionery. It also focuses on hydration, health and wellness, new technologies and environmental and social responsibility issues.
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The US Federal Trade Commission (FTC) has finalised a consent order linked to 365 Retail Markets' $848 million acquisition of Cantaloupe.
The deal brings together two of the largest providers of micro market kiosks, as well as software and services used by foodservice operators to manage and run micro market locations.
Under the final order, 365 must sell Cantaloupe’s competing micro market kiosk provider, Three Square Market, to Seaga Manufacturing. The FTC said the divestiture is intended to address competition concerns arising from the merger.
The order settles FTC allegations that the original proposed acquisition would have eliminated head-to-head competition in the micro market kiosk sector. The regulator said this could have led to higher prices for kiosks and related software and services, as well as reduced product and service quality.
The FTC also alleged that higher kiosk costs could have been passed on to consumers through increased food prices.
In addition to the divestiture, the final consent order requires 365 to offer integrations between its software and hardware on reasonable and non-discriminatory terms to customers and third parties.
The Commission voted 2-0 to approve the final order following a public comment period.
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