The family business UKO Microshops AG from Salzburg, which operates 24/7 vending machines, has now dared to go public. It was decided to take this step to expand more into Germany and Switzerland.
Just three months ago, the company, which is part of the UKO Group, moved from Golling to the Urstein Knowledge Park. The company, whose vending machines can be found in supermarkets, hotels and restaurants, has now gone public.
The Unterkofler entrepreneurial family will own the majority of the shares. This means: There will be no changes in the management structure for the time being. “We remain a family-owned, owner-operated business,” says CEO Moritz Unterkofler. Since 2019, he has been leading the company in the second generation.
According to the company, demand for the machines has increased significantly in recent years. The turnover, which amounted to 3 million euros in 2019, will more than triple by 2023. This year the 10 million euro limit will be exceeded for the first time.
With the IPO, the company expects to be able to roll out the machines more quickly in the German-speaking region. They also want to give employees the opportunity to participate in the company through shares.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
