Takeaway.com, the Dutch online food delivery marketplace has recently announced that it has acquired Delivery Hero’s Germany businesses in return for €930 million cash and an equity stake in the company. As per the agreement, Delivery Hero will be retaining an 18% stake in Takeaway.com. With that being said, Delivery Hero will use this capital to expand its international food delivery operations outside of Germany.
It’s worth mentioning, Takeaway.com is already active in Germany with its brand Lieferando.de and this transaction, which comprises the Lieferheld, Pizza.de and foodora brands in Germany, will enable Takeaway.com to offer an enhanced proposition for both consumers and partner restaurants.