Coffee service and synthetic material expert, Miko, will collaborate with German Qusotic through its German subsidiary Miko Kaffee. Together, they will become Miko Germany.
Miko will own a 75 % stake in Miko Germany, while the other 25 % will go to Qusotic' former owners. Miko expects to get a better German overall coverage thanks to this deal.
"This partnership is perfect on three levels: our own Miko Kaffee is located in the Ruhr area, which means it is mostly active in the Northern part of Germany, while Qusotic has its main office in Bavaria and therefore has a Southern focus. That way, both companies have a geographic synergy. Qusotic already has a 1,000-strong client base, a nice addition to the large volumes we already offer thanks to our strategic partners. We also feel the trendy "Sneky ice drinks" brand offers plenty of growth potential", Miko CEO, Frans Van Tilborg, says.
Miko is not only present in Germany and Belgium, but is also active in the Netherlands, France, the United Kingdom, the Czech Republic, Slovakia, Poland, Sweden, Denmark and Norway.