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June 16, 2021

Just Eat Takeaway.com acquires Grubhub for $7.3bn

The enlarged business will operate in the US, Netherlands, Germany and the UK.

Just Eat Takeaway.com has concluded the acquisition of US food delivery venture Grubhub for an enterprise value of $7.3bn.

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  • Areas foodservice industry players should be focusing on for digital investment
  • Consumer insight into attitudes towards digital convenience
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As part of the transaction, Just Eat Takeaway.com acquired 100% of the shares of Grubhub in an all-share combination.

The deal, which was announced in June last year, will help Just Eat Takeaway.com move into the online food delivery market in the US.

Just Eat Takeaway.com founder and CEO Jitse Groen said: “The new company is the market leader in Europe, Canada and Australia, with very strong positions in the most important markets in the US.

“It is humbling to run such a company after our start in Holland more than 20 years ago. We welcome Matt and his team to this great company.”

With the completion of the transaction, the enlarged group will be operating in the US, Netherlands, Germany and the UK.

These are considered to be the most attractive markets for the online food delivery industry.

Additionally, the deal will enhance the enlarged group’s ability to fortify its position in all markets with capital as well as resources.

Grubhub founder Matt Maloney said: “I couldn’t be more excited to enter this next chapter of Grubhub’s story with the global leadership and experience of the Just Eat Takeaway team.

“Our companies share an unwavering focus on supporting restaurants and our communities around the world. Together we will continue to innovate and break new ground in our industry as we each have separately for the past 20 years.”

Maloney will join the Just Eat Takeaway.com management board.

Grubhub requested that the New York Stock Exchange (NYSE) delist Grubhub’s common stock, which traded under the ticker symbol ‘GRUB’ on the NYSE. It was consequently suspended following the close of trading on 14 June 2021.

Free Report
img

Meet emerging digital demand in the foodservice industry

Global digital pressures are making waves across sectors. The foodservice industry is seeing particular impact as consumers change the way they operate. It is therefore essential to know how to navigate the challenges that digital is presenting to the industry and its consumers. GlobalData’s free report explores the market outlook for the global foodservice industry, with insights into how foodservice operators, brands, and their suppliers can meet changing demands. Key features in this report include:
  • An overview of dine-in, takeaway, and delivery forecasts up to 2026
  • Areas foodservice industry players should be focusing on for digital investment
  • Consumer insight into attitudes towards digital convenience
  • Challenges facing foodservice, in terms of investment and logical considerations
  • Key examples of top industry players
Adapt and stay on top. Download our free report now.
by GlobalData
Enter your details here to receive your free Report.

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