Miko Acquires Roast & Ground, Expanding UK Office Coffee Portfolio

Office coffee now pays better than running a restaurant account, at least according to Miko's math. The Euronext Brussels-listed coffee group, which traces its heritage back 200 years, announced on March 31 the acquisition of Roast & Ground, a London-based office coffee supplier with roughly 20 employees and approximately €3.5 million in annual turnover.

CEO Karl Hermans was direct about the rationale: "The acquisition underscores the importance of office coffee within the Miko Group. This segment is not only experiencing structural growth but also currently offers more attractive margins than the hospitality segment. By integrating Roast & Ground, Miko can further expand its market position in the United Kingdom and realize economies of scale."

That margin gap matters more than it might look on a spreadsheet. Hospitality volumes have been uneven since hybrid working patterns fragmented the traditional coffee shop day-part, while office coffee delivered on contract to a fixed location generates the kind of predictable, recurring revenue that makes consolidators move fast. Miko's existing UK operation already runs about €21.5 million in turnover with roughly 100 employees, meaning Roast & Ground's €3.5 million book is a targeted bolt-on rather than a transformative bet — and that's precisely the point.

The strategic logic is familiar to anyone watching European coffee consolidation up close: acquire a specialist local supplier, fold its customer accounts into your existing route network, lower the per-drop servicing cost, then cross-sell equipment, sustainability-branded single origins, and ancillary vending into accounts that previously only bought beans. Miko operates across wholesale roasting, equipment supply, and vending, which gives it genuine levers to pull once Roast & Ground's workplace relationships are inside the group.

For Roast & Ground's existing customers, the near-term experience will likely be managed continuity: same service model on the surface, with a broader supply chain and Miko's continental roasting scale sitting behind it. Management commentary emphasised preserving service continuity while integrating back-office functions, which is the standard playbook for acquisitions at this size and the thing most workplace buyers never think to verify before signing a new contract.

That verification matters right now, because this deal is one of several consolidation moves where established European coffee groups are locking in recurring workplace distribution before the office coffee market matures further. If you're currently evaluating a provider, the Miko-Roast & Ground deal is a useful frame: ask whether your supplier owns its roasting infrastructure or depends on a third party, what the equipment servicing SLA looks like in writing, how sustainability claims are substantiated at origin rather than just on the packaging, and whether a recent ownership change has quietly rotated out the team managing your account. The answers separate a genuine full-service partner from a wholesaler with a brochure.