1. News
December 21, 2018

Deals and M&As this week: Kroger, Hy-Vee, OPC Optical

Kroger has teamed up with Silicon Valley start-up Nuro to launch an unmanned delivery service in Arizona, US.

Kroger has teamed up with Silicon Valley start-up Nuro to launch an unmanned delivery service in Arizona, US.

The service began in August 2018 on a pilot basis and approximately 1,000 deliveries have been made to date.

The companies earlier operated an autonomous Prius fleet accompanied by vehicle operators under the collaboration.

Nuro ’s custom unmanned vehicle R1 has been included following an expansion to the service.

Hy-Vee has completed the acquisition of 22 Shopko pharmacies across the US.

The pharmacies are located in the states of Iowa, Illinois, Minnesota, Nebraska, South Dakota and Wisconsin, including the Grand Island Shopko .

Shopko ‘s patient files will be consolidated with the existing Hy-Vee Pharmacy in Grand Island by January 2019.

Hy-Vee is a US-based employee-owned chain of supermarkets, while Shopko is a chain of retail stores.

OPC Optical Precision Components Europe GmbH has entered the consumer market through the acquisition of trademark rights to Meyer Optik Gorlitz.

“The Entertainer aims to expand its foothold in the European region will the acquisition of Spanish toy retailer Poly .”

The rights were sold by the bankrupt net SE and SEMI Verwaltung GmbH.

OPC Optical is a manufacturer of optics and lenses based in Germany.

The Entertainer aims to expand its foothold in the European region will the acquisition of Spanish toy retailer Poly .

The deal aids The Entertainer in regaining the 5% Spanish market share and helps Poly to retain more than 350 jobs.

It also leads to the expansion of Entertainer’s store network to more than 300 locations.

The acquisition was made through a competitive bid managed by an administrator.

Ganesco has agreed to divest its LIDS Sports Group to FanzzLids Holdings for $100m in an all-cash transaction.

The deal is set to be closed by the end of Genesco ’s current fiscal year, subject to customary closing conditions.

e-commerce company Fanatics is also set to invest in FanzzLids Holdings in relation to a commercial arrangement.

Genesco is a retailer of branded footwear, licensed and branded headwear, and licensed sports apparel and accessories, while FanzzLids Holdings is a subsidiary of Ames Watson Capital .

All companies involved in the transaction are based in the US.

Topics in this article: