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