M&As this week: Selecta Group, StackSocial, IKEA Group
Selecta Group has reached an agreement with private equity firm Motion Equity Partners Italia to acquire Gruppo Argenta.
Both Selecta Group and Gruppo Argenta are vending and coffee services providers.
Selecta expects to strengthen its position as a self-serve retailer in Europe through the acquisition, which is expected to be completed in Q1, 2018.
StackSocial has acquired online video marketing company and retailer Joyus.
Stack Social provides commerce platforms for online publishers, communities, and brands. It aims to become the commerce platform of choice for publishers.
Both the companies involved are based in the US.
IKEA Group has reached a conditional agreement to acquire TaskRabbit, a company with operations in the US and the UK.
The transaction will be made through the purchase of TaskRabbit shares.
IKEA is a furnishing retailer, whereas TaskRabbit is an on-demand services platform company that connects consumers with skilled taskers through its platform.