Consortium invests in TimeTemp

Investinor will provide approximately NOK 18m with Strømstangen Invest AS and Torbertra Kapital AS providing the remaining capital. TimeTemp has developed and patented a stamp for estimation of the sell by date for food.

The stamp changes colour depending on the average temperature the food has been stored in, giving a more accurate best before date and reducing the amount of food thrown out from stores.

Investinor will take a 23% stake in the company and will have a representative on the board of directors.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Viktor Lundvall on +44 20 7004 7476 or viktor.lundvall@incisivemedia.com

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