Takeaway.com acquires BGmenu in Bulgaria and Oliviera in Romania

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, signed an agreement to acquire BGmenu in Bulgaria and Oliviera in Romania. Through this acquisition, Takeaway.com strengthens its position in Eastern Europe, in line with the strategy to further expand its leadership position on the continent.

BGmenu is the market leader in food delivery in Bulgaria, in terms of orders. Oliviera is one of the largest food delivery marketplaces in Romania. Takeaway.com already owns the largest food delivery brands in Germany, the Netherlands, Poland, Belgium and Austria. The Company has the strategy of becoming the number one in each of the countries in which it operates.

Jitse Groen, CEO and founder of Takeaway.com, commented: “With the acquisition of BGmenu and Oliviera we are adding fast-growing online food delivery markets with a sizeable population to our footprint. It is our intent to execute the same strategy in these countries that brought hypergrowth to our Polish business Pyszne.pl.”

Vladimir Davchev, CEO of BGmenu and Oliviera, said: “We are excited to become part of the fastest-growing online food delivery marketplace in Europe. We believe there is a significant market opportunity in south eastern Europe and partnering with Takeaway.com gives us the best opportunity to build on our success to date in this region.

The experience and additional capital from Takeaway.com will enable us to greatly improve our service offering to both consumers and restaurants.” The enterprise value for the transaction is €10.5 million. To further accelerate growth, Takeaway.com will significantly invest in both Bulgaria and Romania.

Takeaway.com will publish its full year 2017 results at 7:00am CET on 28 February 2018