A bag filled with an assortment of fresh produce, including fruit, vegetables, meat, eggs, arranged in a spill-out layout.

Recent work | November 20, 2023

Roschier represented Kinnevik, Verdane and Summa Equity in the combination between Mathem and Oda

Mathem, the leading online grocery store in Sweden, and Oda, Norway's counterpart, have entered into a combination agreement, and will now join forces. Roschier represented Kinnevik, Verdane and Summa (being main shareholders of the companies) in the combination.

Both Oda and Mathem have been successful pioneers and drivers of online grocery retail, challenging the traditional market players. Swedish Mathem commenced its journey in 2006, leading the company to claim a strong position in the market with its firm industry experience. The Norwegian counterpart Oda began its path in 2013, setting industry-wide standards with its in-house logistics system.

Together, Mathem and Oda will become a Nordic market-leading online grocery retailer with a combined revenue in excess of NOK five billion.

Roschier’s core advisory team consisted of Björn Winström, Axel Bonning and Tobias Wiberg.