Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with a few weeks of delay.
Norgesgruppen acquires 10 pct of AI tech firm Forte Digital
April 23, 2019

Norgesgruppen, the owner of grocery stores Meny and Kiwi, has acquired 10 pct of the Norwegian-based tech firm Forte Digital, that specializes in AI-based solutions. Norgesgruppen will use AI to improve customer experience in their grocery stores. Forte Digital reported a turnover of NOK 4.9m and EBITDA of NOK 1m in 2017. The deal value is undisclosed.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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