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Miko Coffee has announced the acquisition of German coffee service company Procon.
Based in Magdeburg, Germany, Procon has been a distributor of Miko “for a long time”. Procon’s customers can borrow or rent small and medium-sized coffee and vending machines for office workplaces.
Founded in 1801, Miko is a Belgium-based coffee distributor. It produces and sells roasted coffee beans, ground coffee, coffee pods, coffee machines and other coffee-related products to local businesses and individuals.
Frans Van Tilborg, CEO of Miko Group, said: “Miko already has a fully-fledged subsidiary in Germany with Miko Kaffee, which is located in Nuremberg. With the acquisition of Procon, we are today taking a first step in the further expansion of our territorial presence in Germany. This fits into our strategy of building further on the rollout of an international coffee service organization through external growth.”
Terms of the transaction were not disclosed.
#Miko #Procon
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