Takeaway.com acquires food delivery operations in Germany from Delivery Hero

AMSTERDAM - Takeaway.com, the leading online food delivery marketplace in Continental Europe, signed an agreement with Delivery Hero to acquire Delivery Hero’s Germany businesses in return for cash and an equity stake in Takeaway. Takeaway.com is already active in Germany with its brand Lieferando.de and this Transaction, which comprises the Lieferheld, Pizza.de and foodora brands in Germany, will enable Takeaway.com to offer an enhanced proposition for both consumers and partner restaurants. Takeaway.com’s management expects to generate material synergies by integrating the businesses.

Jitse Groen, CEO and founder of Takeaway.com, said: “This transaction provides Takeaway.com with a stronger proposition for both consumers and partner restaurants in the German market. It also allows Takeaway.com to operate on a significantly larger scale which is essential in building a profitable online food delivery business. Although the transaction almost doubles Takeaway.com's orders in Germany, there is still ample growth ahead, given that penetration of online food delivery in Germany is amongst the lowest in Europe. We look forward to welcoming Delivery Hero as a shareholder.”

Source: https://corporate.takeaway.com