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  5. Reef Technology Acquires iKcon

M&A Deal Summary

Reef Technology Acquires iKcon

On November 7, 2021, Reef Technology acquired internet software and services company iKcon

Acquisition Highlights
  • This is Reef Technology’s 1st transaction in the Internet Software and Services sector.
  • This is Reef Technology’s 1st transaction in United Arab Emirates.

M&A Deal Summary
Date 2021-11-07
Target iKcon
Sector Internet Software and Services
Buyer(s) Reef Technology
Deal Type Add-on Acquisition

Target

iKcon

Dubai, United Arab Emirates
iKcon is a tech-enabled delivery kitchen operator focused on the MENA region. The company was founded by Khalid Baareh and Kareem Abughazaleh to address the rising demand for food delivery. It provides kitchen-as-a-service solutions to restaurants and food operators allowing them to rapidly scale their operations and expand their delivery coverage and customer reach. iKcon was formed in 2019 and is based in Dubai.

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Buyer(S) 1

Buyer

Reef Technology

Miami, Florida, United States
Category Company
Sector Consumer Services
DESCRIPTION

Reef Technology is an operator of the parking network in North America, operating more than 4,800 parking facilities. Reef Technology is based in Miami, Florida.

DEAL STATS #
Overall 1 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: United Arab Emirates M&A 1 of 1
Year: 2021 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 2ndKitchen

San Francisco, California, United States

2ndKitchen is a provider of virtual kitchens for hotels, offices, buildings, venues and other hospitality companies. 2ndKitchen enables hospitality businesses such as bars, hotels, or office buildings to serve food without the hassle of an onsite kitchen. 2ndKitchen was founded in San Francisco, California.

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