As Novac writes, Glovo, a leading delivery platform for various product categories, recently announced a series of separate acquisition agreements with Delivery Hero Group, one of the world’s leading delivery platforms, which will acquire some of their companies in Central and Eastern Europe (CEE), including one Croatian food delivery service – Pauza.hr.
The transaction is expected to be concluded in full over the next few weeks, depending on the fulfillment of previously agreed conditions, as well as the relevant regulatory approvals, a statement from Glovo read. The acquisition includes seven countries in Croatia’s immediate region where Delivery Hero operates, namely: Romania, Bulgaria, Serbia, Montenegro, Bosnia and Herzegovina and here in Croatia.
Glovo will acquire the Foodpanda brand in Romania and Bulgaria, the Donesi brand in Serbia, Montenegro, Bosnia and Herzegovina and the Pauza.hr brand in Croatia.
In a separate agreement, Glovo recently announced that an agreement had been reached on the acquisition of Ehrana, a local delivery platform from neighbouring Slovenia, without highlighting the value of the transaction. That transaction is expected to close over the next few months, and Glovo is currently working closely with Ehrana to define a transition strategy for both customers and partners and suppliers.
“Focusing on markets where we see clear opportunities for leadership and building sustainable business has always been at the core of our long-term strategy. Central and Eastern Europe are an important part of that plan. This region has wholeheartedly embraced delivery platforms and we’re very excited to strengthen our position and increase our presence in countries that are constantly showing huge growth potential,” stated Oscar Pierre, the co-founder and CEO of Glovo.
“Over the last few years, Delivery Hero has successfully built a leading position here in the Balkans. However, given the many other priorities ahead of us, I believe that Glovo is in a better position to continue to develop an excellent user experience for our customers in this region,” concluded Niklas Ostberg, the CEO and co-founder of Delivery Hero.
For more, follow our dedicated business section.