LMK Group, through its Danish brand RetNemt, enters into an agreement to acquire customer relationships of a mealkit competitor in Denmark
Operating in Denmark under the brand name RetNemt, LMK Group today announced a commercial agreement which is set to expand its Danish market reach and strengthen its position in the subscription mealkit business. The agreement includes the transfer of approximately 3,000 customer relationships for a consideration of up to SEK 2.6m of a competitor operating in the mealkit space with a comparable product and service offering. The consideration is financed with existing cash on the balance sheet and does not have a material effect on the LMK Group’s liquidity situation. An initial amount of