Tech companies Mondra and Inoqo have merged to create a “powerhouse” unified platform for food supply chain sustainability intelligence, they announced this morning.
By joining forces, the companies said they are bringing together product-level impact assessment, supplier engagement, and the ability to delivery of scaled climate action for the retailers they work alongside.
The larger entity, which combines two leaders in this sector, will be dedicated to helping accelerate the decarbonisation and resilience of the global food system. By coming together, the companies feel they can better support the growing global roster of grocery retailers, their manufacturers, and CPG brands within the ecosystem.
Inoqo brings deep European market expertise to the party, which will combine with Mondra’s robust technology product stack to help a raft of retailers. Customers of the joint organisation include Tesco, Marks & Spencer, Co-op, Asda, Lidl, Aldi, Pets at Home, and Sainsbury’s, while major suppliers on the roster include Avara, Samworth Brothers, Greencore, Pilgrim’s, Dunbia, Cranswick, and Bakkavor.
Starbucks and Nando’s are among the global brands also already using the tech.
The combined organisation will operate under the Mondra brand, with globally distributed teams and core hubs in London, Vienna, and India.
Markus Linder, founder & CEO of Inoqo, will join Mondra’s leadership team, where a key focus will be on evolving Mondra’s ‘Digital Twin’ technology and ‘Sherpa AI’ platform aimed at measuring climate risk and setting actionable goals.
Jason Barrett, CEO of Mondra, commented: “This merger is a transformative step in our mission to help the global food system achieve measurable impact at scale.
“By joining forces with Inoqo, we are creating a unified powerhouse that combines world-class technology with the industry’s most comprehensive impact data. Together, we provide the definitive standard for sustainability intelligence, helping our customers move faster and with greater insight than ever before.”
Linder added: “We founded Inoqo to make sustainability measurable and actionable across the value chain.
“Merging with Mondra is the ultimate realisation of that vision. By combining our strengths, we are no longer just two market leaders, we are a single, global force equipped to provide the food and beverage industry with the intelligence needed to build a resilient and sustainable future.”
The transaction is still subject to customary regulatory approvals but is expected to reach completion in the second quarter of the year.
Read more about Mondra on Green Retail World
[image credit: Mondra]
