Jacobs Douwe Egberts (JDE) has signed an agreement with Stockholm-based Valedo Partners Fund II to acquire JOBmeal in Sweden and Finland.

Established in 2000, JOBmeal is a coffee business offering a wide range of office coffee solutions to customers in Sweden and Finland. It currently employs more than 370 people in the Nordic region.

JOBmeal CEO Fredrik Mossberg said: “At JOBmeal, our goal and our passion is to significantly enhance the office coffee experience. Becoming part of JDE gives us great opportunities to accelerate our development towards that goal.

“Together, we will be better able to serve the evolving needs of customers at all levels.”

“We look forward to being able to share the vast expertise within JDE and deliver even better coffee and tea experiences to our customers in the Nordic region.”

The deal will provide JOBmeal’s customer base access to a wide variety of coffee and tea solutions, including Gevalia, Piazza D’Oro, L’Or and Pickwick.

The transaction is expected to create new growth opportunities for JDE in Finland.

JDE is a Dutch firm that owns several beverage brands. Its coffee and tea portfolio is currently available in more than 140 countries under various names, including Jacobs, Tassimo, Moccona, Senseo, L’OR, Douwe Egberts, Super, Kenco and Pilao&Gevalia.

JDE Professional Nordics’ general manager George Schoof said: “The addition of JOBmeal to our Nordic family will enable us to expand our reach in Sweden and Finland. Together, we will be better able to serve the evolving needs of customers at all levels, through a truly Nordic footprint.”

The transaction is expected to close in Q4 2018 subject to certain pre-closing conditions.