Carbon reporting and reduction platform Mondra has agreed a strategic merger with European sustainability intelligence counterpart Inoqo.
The move unites two industry leaders to create a single global entity dedicated to accelerating the decarbonisation and resilience of the global food system.
London-based Mondra and Vienna-based Inoqo said the merger established a dominant mainland European base of operations for the combined organisation, enabling it to serve a growing global roster of grocery retailers, manufacturers and CPG giants.
The pair added the deal fused Inoqo’s European market expertise and impact database with Mondra’s advanced technology.
The combined organisation will operate under the Mondra brand, with core hubs in London, Vienna and India.
As part of this transition, Inoqo founder and CEO Markus Linder will join Mondra’s leadership team, where he will have a pivotal role in driving the company’s international growth.
Customers of the joint organisation include the likes of Tesco, Sainsbury’s, M&S, Co-op, Asda, Lidl, Aldi, Pets at Home and Dm-Drogerie Markt, as well as major suppliers such as Avara, Samworth Brothers, Greencore, Pilgrim’s, Dunbia, Cranswick and Bakkavor, and global brands such as Starbucks and Nando’s.
“This merger is a transformative step in our mission to help the global food system achieve measurable impact at scale,” said Mondra CEO Jason Barrett.
“By joining forces with Inoqo, we are creating a unified powerhouse that combines world-class technology with the industry’s most comprehensive impact data. Together, we provide the definitive standard for sustainability intelligence, helping our customers move faster and with greater insight than ever before.”
Linder added: “We founded Inoqo to make sustainability measurable and actionable across the value chain. Merging with Mondra is the ultimate realisation of that vision. By combining our strengths, we are no longer just two market leaders, we are a single, global force equipped to provide the food and beverage industry with the intelligence needed to build a resilient and sustainable future.”
The transaction is subject to customary regulatory approvals and is expected to reach completion in the second quarter of this year.
Mondra, developed in coalition with the BRC, uses digital twin technology to map complex, previously untraceable supply chains and AI-powered assistant, Sherpa, to help food & drink companies to achieve net zero.
In October, the firm closed a £10m Series A funding round to support a European expansion.
No comments yet