Delivery Hero welcomes Woowa to the group – all closing actions taken

Delivery Hero welcomes Woowa to the group – all closing actions taken

03 Mar 2021

 by Press Team

  • Following the written decision by the Korea Fair Trade Commission on February 2nd 2021, Delivery Hero has taken all actions to close the transaction in relation to Woowa Brothers Corp., South Korea’s largest online food delivery platform
  • As part of the transaction, Delivery Hero and the management of Woowa have entered into a strategic partnership regarding the operations of Delivery Hero and Woowa in the Asia Pacific region
  • Together, Delivery Hero and Woowa will be able to mutually leverage market insights, technology and operational best practices

Berlin, 3 March 2021 – Following the official written decision by the Korea Fair Trade Commission, Delivery Hero SE (“Delivery Hero”) yesterday took all actions to close the transaction in relation to Woowa Brothers Corp. (“Woowa”). The Delivery Hero share capital increase and the subsequent admission for trading is pending. 

After announcing that we were entering into a strategic partnership with Woowa in December 2019, I am now incredibly excited to start working together. It is an honour to welcome Bongjin Kim and his team to our family of founders and entrepreneurs. He is an exceptional leader with values that closely align with Delivery Hero’s. We truly believe that our partnership with the management of Woowa will have a positive impact in Korea and on the global delivery industry as a whole.

Niklas Östberg, CEO and Co-Founder of Delivery Hero

As part of the transaction, Delivery Hero and the Woowa management are moving into a strategic partnership regarding the operations of both companies in Asia. Together, Delivery Hero and Woowa will be able to mutually leverage market insights, technology and operational best practices.

ABOUT DELIVERY HERO
Delivery Hero is the world’s leading local delivery platform, operating its service in more than 40 countries across Asia, Europe, Latin America, the Middle East and North Africa. The company started as a food delivery service in 2011 and today runs its own delivery platform on four continents. Additionally, Delivery Hero is pioneering quick commerce, the next generation of e-commerce, aiming to bring groceries and household goods to customers in under one hour and often in 10-15 minutes. Headquartered in Berlin, Germany, Delivery Hero is listed on the Frankfurt stock exchange since 2017, and became part of the leading index DAX (Deutscher Aktienindex) in 2020. For more information, please visit www.deliveryhero.com.

ABOUT WOOWA
Woowa operates South Korea’s leading online food delivery platform under its brand “Baedal Minjok.” Woowa ceaselessly works to innovate the food-tech industry through, amongst others, crowd-sourcing rider systems, robotics technology, and virtual kitchens. Woowa has also launched an instant grocery delivery service called “B Mart”, which provides grocery delivery services under 30 minutes. Woowa has operations in South Korea, Vietnam and Japan.

MEDIA CONTACT
Sigrid Dalberg-Krajewski
Senior Director, Communications
+49 170 56 35 160
moc.orehyrevilednull@sserp

INVESTOR RELATIONS CONTACT
Daniel Fard-Yazdani
VP, Head of Investor Relations
+49 175 55 26 027
moc.orehyrevilednull@ri

DISCLAIMER
This release may contain forward looking statements, estimates, opinions and projections with respect to anticipated future performance of Delivery Hero SE (“forward-looking statements”). These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes,” “estimates,” “anticipates,” “expects,” “intends,” “may,” “will” or “should” or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current views, expectations and assumptions of the management of Delivery Hero SE and involve significant known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Any forward-looking statements included herein only speak as at the date of this release. We undertake no obligation, and do not expect to publicly update, or publicly revise, any of the information, forward-looking statements or the conclusions contained herein or to reflect new events or circumstances or to correct any inaccuracies which may become apparent subsequent to the date hereof, whether as a result of new information, future events or otherwise. We accept no liability whatsoever in respect of the achievement of such forward-looking statements and assumptions.