Miko acquires Roast & Ground

Miko, the Euronext Brussels-listed coffee service specialist, has announced the acquisition of Roast & Ground, an established player in the office coffee supply segment in the United Kingdom.

Roast & Ground has built a strong reputation for providing high-quality coffee service solutions to the London business community. Just like Miko, they place a strong emphasis on sustainability. With a workforce of around 20 people, it generates a turnover of 3.5 million euros. This further strengthens Miko’s presence in the United Kingdom, where it currently generates a turnover of 21.5 million euros with around 100 employees.

CEO Karl Hermans elaborates:

“The acquisition underscores the importance of office coffee within the Miko Group. This segment is not only experiencing structural growth but also currently offers more attractive margins than the hospitality segment. By integrating Roast & Ground, Miko can further expand its market position in the United Kingdom and realize economies of scale.

In addition, the acquisition responds to changing consumption trends in the United Kingdom. While tea was traditionally dominant, coffee consumption has increased significantly in recent years and is now greater than tea. This evolution creates additional growth opportunities for high-quality coffee service in the workplace.”