Takeaway.com acquires Foodarena in Switzerland

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