Just Eat Takeaway, the Dutch-British meal delivery company, has acquired Grubhub, a food delivery service from the US. It’s an extra interesting acquisition from Just Eat Takeaway: competitor Uber Eats had also been trying to acquire Grubhub.
Just Eat Takeaway.com stating it is to acquire 100 percent of the shares of Grubhub for a value of 6.4 billion euros.
Largest online food delivery company outside of China
The combined operation will have over 70 million active customers globally and according to Just Eat TakeAway this will make it the world’s largest online food delivery company outside of China. “The combined group will be built around four of the world’s largest profit pools in online food delivery: the United States, the United Kingdom, the Netherlands and Germany“, it says [pdf].
Strong leadership in almost all current markets
Just Eat Takeaway.com and Grubhub will be available to customers in 25 different countries. According to the company, it has strong leadership positions in almost all of these markets. “The combined group will be a significant player in North America”, it emphasizes. The Dutch-British company also owns the Canadian business SkipTheDishes.
Grubhub founder joins management board
Jitse Groen, founder of Takeaway.com and CEO of Just Eat Takeaway.com will lead the combined business globally, while Grubhub’s founder and CEO Matt Maloney will join the management board and lead the businesses across North America.
“Matt and I are the two remaining food delivery veterans in the sector, having started our respective businesses at the turn of the century, albeit on two different continents”, Groen commented. “Both of us have a firm belief that only businesses with high-quality and profitable growth will sustain in our sector. I am excited that we can create the world’s largest food delivery business outside China.”
Matt and I are the two remaining food delivery veterans in the sector.