Extract from our Nordic M&A Newsletter

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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.

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