Announced
Completed
Financials
Tags
Single Bidder
Private
Majority
Friendly
Consumer Services: Other
delivery services
courier company
Spain
Acquisition
Cross Border
Completed
Synopsis
Delivery Hero, a local delivery platform, completed the acquisition of an additional 39.4% stake in Glovo, a multi-category delivery platform, for €800m. "The Delivery Hero team has admired and supported Glovo for many years. They have been frontrunners in the industry by offering a multi-vertical service from the start. Their product focus and fast execution have given them a leading position in 16 out of 25 markets, despite having launched a number of years later than their peers. We will continue to invest in Glovo’s team and product, and see many opportunities to further enhance their operations with our resources and expertise," Niklas Östberg, Delivery Hero Co-Founder and CEO.
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