As announced by Kalera and &ever, the two companies have initiated a merger of the two groups through a full acquisition of &ever by Kalera. For more details see also:
Finadvice has supported &ever (www.and-ever.com), a leading German-based indoor vertical farming (IVF) developer and operator, in the preparation phase of this transaction through the development of the business plan model, the drafting of company documents and the setup of the data room.
&ever was founded in Germany in 2015 and produces beyond organic and tasty products. Through patented technology, patented recipes and high efficiency, &ever has higher yield and lower cost than its vertical-farming competitors or traditional organic farms. In 2020, &ever has built its first mega-farm in Kuwait and in 2021 launched its first grow tower in Munich. &ever is currently building the next generation mega-farm in Singapore. With the acquisition by Kalera AS, its journey continues.
Kalera AS (Euronext Growth Oslo: KAL) is a holding company, which engages in indoor vertical farming through its high-precision clean-room hydroponic food production systems. It produces non-GMO vegetables such as lettuce, microgreens and other leafy herbs. The company was founded 2013 and is headquartered in Oslo, Norway.
As the two companies are quite complementary (technology / produce / regional focus) the combination will create a powerful new entity. We wish the &ever/Kalera team and the combined group all the best with their game changing technology and their visionary approach for a sustainable future.