Kroger, one of the largest food retailers in the United States, has been rumored to be in talks to acquire UK-based online food ordering company, Ocado. This acquisition would give Kroger a foothold in the growing online food delivery market, which is expected to grow to $24.
6 billion by 2021.
While the acquisition has not yet been confirmed, it is widely speculated that Kroger will purchase Ocado for around $2.4 billion.
This would make Kroger the largest food retailer in the world, and would give the company a significant presence in the UK and European markets.
The acquisition would also give Kroger access to Ocado’s technology and customer base. The company has a strong reputation for customer service and has a growing list of customers who order food online.
Assuming the acquisition is completed, Kroger would continue to operate Ocado as a separate business unit. The company has a strong track record of success with acquisitions, and this would be another great addition to Kroger’s portfolio.
