American online food ordering company DoorDash has wrapped up the acquisition of multi-national food delivery platform Wolt.
DoorDash agreed to acquire Wolt in an all-stock transaction valued at approximately $8.1bn (€7bn) in November last year.
Wolt is a Finnish technology company, which delivers food from restaurants as well as other goods from local stores and grocery outlets.
It has a workforce of nearly 4,000 employees and has presence in 23 countries across the globe.
With the completion of the deal, DoorDash now has presence in 27 countries, including the US.
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DoorDash co-founder and CEO Tony Xu said: “DoorDash is at the beginning of a colossal journey, and I’m more excited than ever about what we’re building and the potential to help hundreds of millions of people across the globe in our mission to empower local economies.
“Together with Wolt, we believe we have the best team and platform to serve merchants, consumers, and couriers in our existing and future markets. Our journey in building our international business is just beginning and we’re confident in the incredible future we will build together.”
Wolt’s CEO Miki Kuusi will now oversee combined company’s team and operations outside the US.
Under Kuusi’s leadership, DoorDash aims to increase its global footprint through faster product development and improved investment efficiency.
Wolt will continue to operate in all its existing markets.
Kuusi said: “Today marks the beginning of a new chapter for Wolt. By joining forces with DoorDash, we have an even greater ability to build delightful products and services across continents. “Our two companies share a strong vision for local commerce, and working side by side, we can accomplish more for all our stakeholders.”
