22 June 2018 - Berlin
Delivery Hero sells Swiss operations
Berlin, 22 June 2018 – Delivery Hero Group (“Delivery Hero”), one of the leading global online food ordering and delivery marketplaces, announced today that it has sold its operations in Switzerland under the Foodarena brand to Takeaway.com.
The transaction price was not disclosed.
Duncan McIntyre, SVP Corporate Finance & Head of Investor Relations, Delivery Hero, commented: “We have previously said that we would continue our strategy to consolidate our leadership positions. The sale of Foodarena will allow us to focus our efforts and resources in markets where we have clear leadership positions and longer growth opportunities.”
Joerg Gerbig, COO of Takeaway.com, said: “We have seen good traction in the Swiss market, which we believe is currently still highly underpenetrated. The acquisition of the complementary Foodarena business will enhance our market position in Switzerland and is in line with our growth strategy to further expand our market leadership position on the continent.”