MM&C Acquisition Expands Buyers Edge Platform's European Reach
Funding | Jan 22, 2025 | PR Newswire Cision Buyers Edge Platform
Buyers Edge Platform, a leading software and analytics company, has announced its acquisition of MM&C in Switzerland. This acquisition marks a significant expansion of Buyers Edge Platform's presence in Europe, following a series of strategic acquisitions across the region, including The Full Range, Delta Procurement, MPP in the UK, S&F-Gruppe in Germany, and Parsly in Sweden, amongst others. The acquisition aligns with Buyers Edge Platform's strategy to establish the largest digital sourcing network in Europe. MM&C, led by CEO Yann Meuterlos, is a reputed procurement specialist in the luxury hotel sector with an annual purchasing volume of approximately 80 million Swiss francs. The acquisition is expected to provide Buyers Edge Platform with an entry point into the Swiss market, enhancing its capabilities and furthering its mission to revolutionize procurement practices across Europe. John Davie, CEO of Buyers Edge Platform, and Daniel Wilson, President of Buyers Edge Platform Europe, express strong expectations for synergies and future growth. The financial details of the transaction remain undisclosed.
Sectors
- Software and Analytics
- Food Service Industry
- Luxury Hospitality
Geography
- Europe – The acquisition of MM&C in Switzerland reflects Buyers Edge Platform's strategic expansion in the European market.
- Switzerland – Switzerland is the geographic focus of the acquisition, as Buyers Edge Platform seeks to establish a presence in the Swiss market.
- United States – Buyers Edge Platform is based in the US and its successful operational model there informs its European expansion strategy.
Industry
- Software and Analytics – Buyers Edge Platform operates in the software and analytics sector, providing data-driven insights and technologies to the food service industry.
- Food Service Industry – The company's primary focus is on transforming procurement within the food service industry through strategic acquisitions and data-driven solutions.
- Luxury Hospitality – MM&C specializes in procurement solutions for the luxury hotel sector, making this industry instrumental to the newly formed partnership.
Financials
- 80 million Swiss francs – MM&C's annual purchasing volume with its network of over 300 supplier partners.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Buyers Edge Platform | Acquirer | Company | A US-based software and analytics company specializing in data-driven solutions for the food service industry. |
| MM&C | Target Company | Company | A Swiss procurement firm focusing on luxury hospitality with an annual purchasing volume of 80 million francs. |
| John Davie | CEO of Buyers Edge Platform | Person | CEO of Buyers Edge Platform, leading the company's strategic expansion in Europe. |
| Yann Meuterlos | CEO of MM&C | Person | CEO of MM&C, who facilitated the acquisition by Buyers Edge Platform. |
| Daniel Wilson | President of Buyers Edge Platform Europe | Person | Oversees Buyers Edge Platform's European operations and the integration of MM&C. |
| Ryan Gerding | PR Contact for Buyers Edge Platform | Person | Public Relations contact for media inquiries related to Buyers Edge Platform. |