Merger: Foodaktuell acquires food technology
The merger of the two publications is intended to create a professional and knowledge portal for the Swiss food and beverage industry—no layoffs are planned.
With effect from November 1, 2023, Foodaktuell AG acquired the rights to the Food Technology, a trade magazine for food science and technology. For more than 55 years, the publication has been informing experts and managers in the food and beverage industry, as well as professionals from research and development.
The merger is intended to create a specialist and knowledge portal for the Swiss food and beverage industry - with a website, social media, a weekly newsletter and a monthly bilingual trade magazine. No layoffs are planned, according to a statement.
Declining advertising revenues and a low willingness to pay on the part of subscribers were also affecting these two trade media - the merger of the two titles would nevertheless enable Foodaktuell AG to expand its range of services. At the end of the year, it will appear with a completely revised online presence. MedTriX AG wants to focus more on its core business.
