Cultura Expands with Acquisition of Food Experts S.L.
Deal News | Dec 04, 2024 | Globenewswire
Cultura Technologies, a leading player in the Agri-Food sector, has announced the successful acquisition of Food Experts S.L., a company based in Madrid, Spain, that specializes in supply chain management systems for food safety and compliance. Founded in 2006 by Nazario Munoz, Guillermo Munoz, and Javier Cilla, Food Experts offers solutions for quality assurance, compliance, sustainability, and traceability for large-scale retailers and importers. Their system is employed by over 10,000 users across produce suppliers and top European retailers. This acquisition enables Cultura to further its growth in food safety, aligning with its strategy to integrate Agri-Food software companies. Notably, Food Experts will retain its brand and operate as a unit within Cultura, with its current leadership continuing their roles. This strategic move bolsters Cultura’s capacity to provide enhanced food safety solutions globally.
Sectors
- Agri-Food Technology
- Supply Chain Management
Geography
- Spain – The headquarters of Food Experts S.L. is located in Madrid, Spain.
- Canada – Cultura Technologies, the acquiring company, is based in Toronto, Canada.
Industry
- Agri-Food Technology – This industry involves the use of technology to improve food production processes, compliance, and sustainability, which is central to the services provided by both Cultura Technologies and Food Experts.
- Supply Chain Management – Food Experts operates in supply chain management for food safety and compliance, an essential component of ensuring quality and traceability in the agricultural supply chain.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cultura Technologies | Acquiring Company | Company | Cultura Technologies is a company with a long history in the Agri-Food sector, focusing on technologies related to production, processing, and distribution. |
| Food Experts S.L. | Target Company | Company | Food Experts provides supply chain management systems for food safety and compliance, with a focus on traceability and sustainability. |
| Javier Cilla | Managing Director | Person | Co-founder and Managing Director of Food Experts, leading the company post-acquisition. |
| Nazario Munoz | Operations Director | Person | Co-founder of Food Experts, supporting operations post-acquisition. |