Keurig Dr Pepper will acquire JDE Peet’s, a Dutch company that operates brands like Peet’s Coffee and Stumptown Coffee Roasters, in a deal worth $18 billion, the companies announced on Monday, Aug. 25.

It's the largest acquisition of a European business within the last two years. Some of JDE Peet’s brands include Jacobs, L’Or, Tassimo and Douwe Egberts. On Friday, Aug. 22, the company was valued at €12.76 billion, or around $14.87 billion.

Keurig is worth about $48 billion.

The deal is expected to save the companies $400 million in anticipated cost synergies over the next three years.

Here's what to know about the acquisition. Need a break? Play the USA TODAY Daily Crossword Puzzle.

Deal comes while coffee prices rise

The acquisition is a strategic move to establish a global coffe

See Full Page