Sweetgreen, an American fast casual restaurant chain, revealed Tuesday it has acquired Spyce, a restaurant company known for its automated kitchen. The financial details of the purchase have yet to be revealed.
The chain announced it plans to modernize Spyce’s robotics and cultivate “a new product and concept that will best achieve Sweetgreen’s goals in our restaurants as we scale.”
“Ultimately the vision is to have Spyce’s technology power Sweetgreen’s restaurants,” the chain wrote in a statement to Insider.
The deal is expected to close within the third quarter of 2021.
According to Sweetgreen, it is analyzing how to integrate Spyce’s technology into its business. However, Jonathan Neman, co-founder and CEO of Sweetgreen insists that Spyce and Sweetgreen have a common goal.
“We built Sweetgreen to connect more people to real food and create healthy fast food at scale for the next generation, and Spyce has built state-of-the-art technology that perfectly aligns with that vision,” he said in a statement. “By joining forces with their best-in-class team, we will be able to elevate our team member experience, provide a more consistent customer experience and bring real food to more communities.”
The acquistion comes after Sweetgreen hushedly filed for an initial public offering in June. The move could possibly make the chain more interesting to investors as it heads into the public markets.