Consolidating the global food delivery market

Amsterdam-based food delivery service Takeaway.com has agreed to the terms of a merger with the British company Just Eat. Combined, the two companies were responsible for 360 million orders worth €7.3 billion in 2018. After the merger, they will form a new company to be headquartered in Amsterdam: Just Eat Takeaway.com N.V.

Both businesses have urged their shareholders to vote in support of the deal, which is expected to be completed in the fourth quarter of the year. Additionally, Takeaway.com has until 24 August to state its ‘firm intention’ to place a bid for Just Eat, the companies said in a statement. 

Consolidating the global food delivery market

The agreement represents a major move toward consolidating the global food delivery market, which is worth an estimated €89 billion. The deal will also result in one company handling deliveries for several major international chains, including Burger King, KFC and Subway.

If the merger takes place, it could result in a valuation worth nearly €10 billion. This is not the first time Takeaway.com has been involved in a takeover. Last December, it acquired the German delivery companies Lieferheld, Foodora and Pizza.de from competitor Delivery Hero for €930 million in cash and shares. 

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