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Spain’s Glovo goes on a shopping spree

Thursday, 27/05/2021

Spain’s Glovo goes on a shopping spree: snaps up three of Berlin-based Delivery Hero’s brands: foodpanda, Donesi, and Pauza for €170 million, picks up Slovenia’s Ehrana for dessert

Spanish mutli-category delivery platform Glovo has acquired two of Berlin-based Delivery Hero’s brands for €170 million. Ownership in Romania and Bulgaria’s foodpanda and Serbia, Montenegro, Bosnia and Herzegovina’s Donesi, and Croatia’s Pauza will all soon change hands. It is expected that the deals in Bosnia Herzegovina, Bulgaria, Croatia, Montenegro and Serbia will close within the next few weeks, subject to the customary regulatory approvals and fulfillment of conditions, with the Romanian deal to be completed following approval from the competition authority.

"Delivery Hero has built a clear leading business in the Balkan region in the last couple of years," comments Delivery Hero founder and CEO Niklas Östberg. "However, with a lot of operational priorities on our plate, we believe Glovo would be better positioned to continue building an amazing experience for our customers in this region."

Not quite done shopping yet, Glovo has also announced another acquisition, this time, Slovenia’s local delivery company Ehrana, for an undisclosed fee. This transaction is slated to close within the next few months, but Glovo is already working with Ehrana to design a transition strategy for users, partners, and riders. (Source: https://tech.eu)


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