Belgian coffee roaster Miko significantly increases its share in workplace vending company MAAS in order to grow its business in the Netherlands
Miko has significantly increased its share in workplace vending company MAAS | Photo credit: Miko
Miko is seeking to grow its presence in the Netherlands after increasing its stake in Dutch workplace food and beverage vending company MAAS.
The new investment builds on an initial 25% stake acquired by Miko in March 2021, with the Belgian coffee roaster increasing its share in MAAS to 92%.
The remaining shares will be retained by MAAS management, according to a Miko press release.
Founded in 1801, Miko trades as one of the oldest coffee roasters in the world. The company operates across multiple market segments internationally, including hospitality, healthcare and leisure.
Netherlands-based MAAS specialises in workplace food and self-serve solutions. The company sells over 1.4 million beverages and snacks daily, according to its website.
“MAAS is a very respected player in the Dutch vending market. With this acquisition we now put Miko even stronger on the map in the Netherlands,” said Frans Van Tilborg, Miko Group CEO.
In January 2019, MAAS was acquired by Netherlands-based private investment company Nimbus, which sought to scale the coffee and snack provider’s operations.