Carnegie acted as financial adviser to Mathem in the merger with Oda. Mathem, the leading online grocery store in Sweden, has entered into an agreement to merge with Oda, Norway’s counterpart. Together they will become the Nordic market leader with a combined revenue of over five billion NOK. Both Oda and Mathem have been pioneers in successfully challenging traditional market players and driving the evolution of online grocery retail. Mathem in Sweden since 2006 and Oda in Norway since 2013. Oda’s in-house logistics platform has set industry-leading standards for operational efficiency.