Aivo to merge with Mashie

Monterro’s portfolio company Mashie will merge with Aivo and create the leading Nordic supplier of systems and services for meal planning and production within restaurants and large-scale kitchens.

Aivo and Mashie are each leaders within their geographies and customer segments. Both companies provide meal planning systems and services for municipals, counties and facility management companies. Aivo is especially strong within public meal organisations and is well established in Norway and Finland, while Mashie is the leading provider of internet-based recipe solutions to the food industry. The merger will create the largest Nordic independent supplier.

– Together with Aivo we will create the leading international supplier of support systems to large-scale kitchens and restaurants, says Jörgen Brandt, CEO Mashie. With this merger we are getting significantly increased geographical coverage and double the customer base.

– Aivo and Mashie are two strong entrepreneurial companies with similar business models and philosophy, says Anna Nelson, CEO Aivo. The merged company will provide modern and user-friendly solutions to our customers and continue to provide the very high service level our customers have learned to appreciate over the years.

– We are looking forward to increase the investments in user friendly and flexible solutions to the meal industry and to help the merged company in its international expansion, says Thomas Bill, Managing Partner Monterro 1 AB.

For further information, please contact:

Jörgen Brandt, CEO Mashie,

+46 (0)73 660 60 81

Anna Nelson, CEO Aivo,

+46 (0)70 935 90 17

Thomas Bill, Managing Partner, Monterro 1 AB,

+46 (0)8 20 05 56