UAE's Mer Group acquires 70% of Turkish coffee chain Espresso Lab

Mer Group, listed on the Abu Dhabi Securities Exchange, signed an agreement to acquire 70% of Eslab, the company that owns Turkish coffee chain Espresso Lab. The deal is the group's first international acquisition since its listing, while the founders will retain a 30% stake.

Mer Group, listed on the Abu Dhabi Securities Exchange, announced that it had signed a share purchase agreement to acquire a 70% stake in the issued share capital of Türkiye-based Eslab, which owns specialty coffee brand Espresso Lab.

According to the group's disclosure, Eslab's founders and existing shareholders will retain a 30% stake and continue developing the company's business during the next phase of its growth. Completion of the transaction remains subject to customary conditions, including obtaining the necessary regulatory approvals from the relevant authorities. The value of the deal was not disclosed.

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Mer said the deal marks its first international acquisition since its listing on the Abu Dhabi Securities Exchange at the end of 2024 and will diversify its investment portfolio by adding a leading brand.

Espresso Lab was founded in 2014 and has expanded through a franchise model. By August 2026, its network had grown to more than 400 cafés in 21 countries, including over 310 branches in more than 50 cities across Türkiye. In addition to operating cafés, Eslab manages brands, grants franchises, supplies and roasts coffee, and supplies products, as well as operating in the retail and digital-platform sectors.