Press release | 21 August 2018
Mashie and FoodIt merge

The overall purpose with the merger is our joint responsibility and interest to provide optimal food for everyone. The market for business systems for large scale kitchens and restaurants is limited in Sweden and there has been few suppliers that have been able to compete with continious investments in new functional requirements in combination with high pressure on price. The combination has provided Sweden with feature-rich systems, but with a constantly reduced space for innovation and development of the next-generation platform.
–“Our systems support very important social functions; preschools, schools, hospitals, nursing homes and defense. Here we want to take a shared responsibility to equip Sweden with new concepts, systems and services for the future and for a sustainable society”
Per – Anders Ek, CEO FoodIt ABWhen it comes to the future, no products, either Mashie or Matilda, will be phased out, they will be developed at the rate of the market and together will we focus our skills on creating the future’s concept, product and offers based on our joint experiences. At the same time we are developing the next generation platform.
For the companies and food organizations that use our systems today, no significant differences will be noted. You call the same support number, talk to the same support staff and have the same contact person as before.
– “We strongly believe that a joint vision to create the future together, will facilitate the process of integrating the two companies and create security on the market.” Fabian Hagman, CEO Mashie FoodTech Solutions AB

About Monterro
Monterro is a hands-on growth investor. Our mission is to turn Nordic B2B software companies into market leaders – by contributing our time, experience, know-how, and networks. And yes, we provide capital too. We are previous founders, entrepreneurs, and executives who now support our portfolio companies in all aspects of growth.
And by investing our own capital, we are personally committed to our mutual success. Monterro is headquartered in Stockholm with offices in Oslo, Copenhagen, and our own software development centre in Hanoi. Learn more at monterro.com.