Spanish on-demand delivery company Glovo has aquired Poland’s largest food delivery platform Pizza Portal for €30m plus a €5m earn-out.
Multi-brand European franchise restaurant operator AmRest Holdings signed the agreement with Glovo, selling 100% of its stake in restaurant partner Polska, the owner of PizzaPortal, making Glovo Poland’s largest food-service platform.
Glovo expanded its presence in Europe after a Series D funding injection of €150m. It is now working on opening its first technology hub in Warsaw, Poland that will employ 300 people as part of the engineering team, after appointing Mustafa Zengin as vice-president of engineering last year.
The company plans to hire 40 new engineers and 50 technology and product experts to start with, making up half of its technology capacity, and plans to expand further into the market.
Barcelona-based Glovo was founded in 2015 by CEO Oscar Pierre and Sacha Michaud; last year it launched in a new city every four days on average and now employs over 1,300 people.
Glovo CEO Oscar Pierre said: “Glovo continues to experience rapid growth, and following the success of our previous round of investment, we’re continuing our expansion into new markets. With the acquisition of PizzaPortal, we’re pleased to be further strengthening our strategic partnership with AmRest and are excited for the opportunities that this presents. Our ambition is to lead every market we enter and to provide a first-class, express delivery experience for our users, ‘Glovers’ and partners.”