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Takeaway.com acquires Foodarena in Switzerland
Takeaway.com acquires Foodarena in Switzerland
Published by Gbaf News
Posted on June 27, 2018
Global Banking and Finance Review
Company
Published by Gbaf News
Posted on June 27, 2018
Takeaway.com N.V. (AMS: TKWY), hereinafter the “Company”, or together with its group companies “Takeaway.com”, the leading online food delivery marketplace in Continental Europe, has acquired the Foodarena business in Switzerland from Delivery Hero Group (“Delivery Hero”).
Takeaway.com is already operating a food delivery marketplace in Switzerland and this acquisition will further strengthen its presence and increase its restaurant offering throughout the country. This transaction adds hundreds of delivery restaurants to Takeaway.com’s platform, broadening its offering to Swiss consumers.
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.”
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.”
Financial details have not been disclosed.
Takeaway.com will publish its half year 2018 results at 7:00am CET on 1 August 2018.
Takeaway.com
Jitse Groen, CEO
Brent Wissink, CFO
Joerg Gerbig, COO
Investors:
Joris Wilton
Media:
For more information please visit our corporate website: https://corporate.takeaway.com
About Takeaway.com
Takeaway.com is the leading online food delivery marketplace in Continental Europe and Vietnam. The Company is focused on connecting consumers and restaurants through its platform. With nearly 33,000 connected restaurants, Takeaway.com offers consumers a wide variety of food choice. The Group mainly collaborates with delivery restaurants. In addition, Takeaway.com also provides restaurant delivery services in 29 European cities in eight countries for restaurants that do not deliver themselves.
Founded in 2000, the Group has rapidly grown to become the leading online food delivery marketplace of Continental Europe with operations in the Netherlands, Germany, Poland, Belgium, Austria, Switzerland, Luxembourg, Portugal, Bulgaria and Romania. In 2017, Takeaway.com processed more than 68 million orders from 11.5 million unique consumers.
With over 1,100 employees, the Group processed orders worth €1,313 million and generated revenue of €166 million in 2017. Takeaway.com is listed on Euronext Amsterdam (AMS: TKWY).
Financial calendar
2018 Half Year Results Q3 2018 Trading Update
: 1 August 2018
: 10 October 2018
For more information, please visit https://corporate.takeaway.com/investors/financial-calendar/
Disclaimer
Statements included in this press release that are not historical facts (including any statements concerning investment objectives, other plans and objectives of management for future operations or economic performance, or assumptions or forecasts related thereto) are, or may be deemed to be, “forward -looking statements”. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms “believes”, “estimates”, “plans”, “projects”, “anticipates”, “expects”, “intends”, “may”, “will” or “should” or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the company’s current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the company’s business, results of operations, financial position, liquidity, prospects, growth or strategies. Forward-looking statements speak only as of the date they are made.
The company expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement whether as a result of new information, future developments or otherwise.
Takeaway.com N.V. (AMS: TKWY), hereinafter the “Company”, or together with its group companies “Takeaway.com”, the leading online food delivery marketplace in Continental Europe, has acquired the Foodarena business in Switzerland from Delivery Hero Group (“Delivery Hero”).
Takeaway.com is already operating a food delivery marketplace in Switzerland and this acquisition will further strengthen its presence and increase its restaurant offering throughout the country. This transaction adds hundreds of delivery restaurants to Takeaway.com’s platform, broadening its offering to Swiss consumers.
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.”
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.”
Financial details have not been disclosed.
Takeaway.com will publish its half year 2018 results at 7:00am CET on 1 August 2018.
Takeaway.com
Jitse Groen, CEO
Brent Wissink, CFO
Joerg Gerbig, COO
Investors:
Joris Wilton
Media:
For more information please visit our corporate website: https://corporate.takeaway.com
About Takeaway.com
Takeaway.com is the leading online food delivery marketplace in Continental Europe and Vietnam. The Company is focused on connecting consumers and restaurants through its platform. With nearly 33,000 connected restaurants, Takeaway.com offers consumers a wide variety of food choice. The Group mainly collaborates with delivery restaurants. In addition, Takeaway.com also provides restaurant delivery services in 29 European cities in eight countries for restaurants that do not deliver themselves.
Founded in 2000, the Group has rapidly grown to become the leading online food delivery marketplace of Continental Europe with operations in the Netherlands, Germany, Poland, Belgium, Austria, Switzerland, Luxembourg, Portugal, Bulgaria and Romania. In 2017, Takeaway.com processed more than 68 million orders from 11.5 million unique consumers.
With over 1,100 employees, the Group processed orders worth €1,313 million and generated revenue of €166 million in 2017. Takeaway.com is listed on Euronext Amsterdam (AMS: TKWY).
Financial calendar
2018 Half Year Results Q3 2018 Trading Update
: 1 August 2018
: 10 October 2018
For more information, please visit https://corporate.takeaway.com/investors/financial-calendar/
Disclaimer
Statements included in this press release that are not historical facts (including any statements concerning investment objectives, other plans and objectives of management for future operations or economic performance, or assumptions or forecasts related thereto) are, or may be deemed to be, “forward -looking statements”. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms “believes”, “estimates”, “plans”, “projects”, “anticipates”, “expects”, “intends”, “may”, “will” or “should” or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the company’s current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the company’s business, results of operations, financial position, liquidity, prospects, growth or strategies. Forward-looking statements speak only as of the date they are made.
The company expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement whether as a result of new information, future developments or otherwise.