Delivery Hero has further bolstered its presence in Saudi Arabia with this deal. Credit: Jonathan Kemper on Unsplash.

German online food delivery service Delivery Hero has announced the acquisition of the remaining 37% stake in its Saudi Arabian subsidiary HungerStation for a total consideration of €267.3m ($297m).

Connecting more than 10,000 partners with customers, HungerStation has established itself as one of the leading food delivery players in Saudi Arabia.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

In fiscal year 2022, HungerStation reported a revenue growth of 36% to €609m and achieved a positive EBIT, including group costs of more than €50m.

Delivery Hero believes that HungerStation would be a valuable asset for the company.

The deal will allow Delivery Hero to further strengthen its ties with HungerStation and its ecosystem, which includes mutual knowledge sharing and tech integration.

See Also:

With this deal, the German food delivery platform has further bolstered its presence in the Kingdom of Saudi Arabia.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Delivery Hero co-founder and CEO Niklas Östberg said: “We believe in the Kingdom of Saudi Arabia’s 2030 vision, ambition, and potential, and are committed to contributing to its ongoing success through HungerStation.

“I look forward to continuing to build great products and delivering an amazing experience for our Saudi customers.”

Last April, Delivery Hero announced a debt financing syndication of €1.4bn to bolster its long-term liquidity position.

The transaction comprises several term facilities, which include a $825m term facility and a €300m term facility.

Delivery Hero noted that the term facilities will have a maturity of 5.25 years, and the proceeds will be used for the potential refinancing of convertible debt at maturity, working capital, and guarantees.