View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
March 6, 2019updated 07 Mar 2019 11:58am

Takeaway.com receives EGM approval for Delivery Hero acquisition

Dutch company Takeaway.com has received approval from its extraordinary general meeting (EGM) to acquire the businesses of German online food ordering platform Delivery Hero for approximately €930m ($1.05bn). 

Dutch company Takeaway.com has received approval from its extraordinary general meeting (EGM) to acquire the businesses of German online food ordering platform Delivery Hero for approximately €930m ($1.05bn).

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.

Announced on 21 December last year, the Dutch company will buy food delivery operations of Delivery Hero, along with the Lieferheld, Pizza.de and foodora brands in Germany.

Under the deal, Takeaway.com will offer €508m cash and an 18% equity stake worth €422m in the company to Delivery Hero.

The Dutch delivery firm currently operates a business in the country through its brand, Lieferando.de and expects that the transaction will allow it to offer enhanced experiences to both consumers and restaurant partners.

“It also allows Takeaway.com to operate on a significantly larger scale, which is essential in building a profitable online food delivery business.”

The company expects to close the transaction on 1 April this year.

At the time of signing the agreement, Takeaway.com CEO and founder Jitse Groen 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.”

In addition, the EGM has approved the appointment of Johannes Reck as a member of the Takeaway.com’s supervisory board.

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.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Verdict Food Service