365 Retail Markets has acquired US-based self-service technology firm Company Kitchen for an undisclosed figure, expanding 365’s customer base.
Company Kitchen provides a range of workplace food services including company cafés, micro-markets and vending machines, which are supported by a mobile app which provides nutritional information, reward programmes and can serve as a payment platform.
According to 365 Retail Markets, the acquisition of Company Kitchen will add thousands of new market locations and hundreds of new dining locations to its business portfolio.
A statement from the company claimed that all of 30 of Company Kitchen’s employees will join 365, and will continue to operate from their offices in Merriam, Kansas.
Joe Hessling, CEO of 365 Retail Markets, said: “We are thrilled to work with other pioneers within the micro-market industry. There is no question that under one roof we will now have the most experienced and talented team in our space.
“We certainly expect to leverage this to expand our leadership position, to enhance the already great dining experience that Company Kitchen offers, and to bring our self-service technology expertise to customers we have not worked with in the past.”
Cory White, director of operations at Company Kitchen, added: “Company Kitchen couldn’t be more excited to become part of the 365 family. I have been with Company Kitchen for eight years and am delighted to continue utilising the technology that we created and being able to innovate with 365 and their employees.
“I look forward to growing with our new team and strategically helping the industry flourish.”
Krishna Vedula, chief technology officer at 365 Retail Markets, added: “It’s really exciting to bring the best of breed technology with the highest levels of security, privacy and operational ease in the industry to our customer base.
“Reducing friction and engaging the increasingly health-conscious consumers in a meaningful way will continue to be the top areas of focus for this combined technology team.”
© FoodBev Media Ltd 2019
World Beverage Innovation Awards – ENTER NOW!
The awards celebrate excellence and innovation across the global beverage industry.
Don’t miss out on having your innovations recognised on a global scale.