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04.07.2022 19:15:03

DGAP-News: Delivery Hero welcomes Glovo to the Group - all closing actions taken

DGAP-News: Delivery Hero SE / Key word(s): Mergers & Acquisitions
Delivery Hero welcomes Glovo to the Group - all closing actions taken

04.07.2022 / 19:15
The issuer is solely responsible for the content of this announcement.


  • Delivery Hero has taken all actions to close the transaction in regards to becoming the majority shareholder of Glovoapp23, S.A.
  • With Glovos footprint, Delivery Hero will serve up to 2.2 billion people in 74 countries
  • Delivery Hero plans to provide more detailed information on Glovo's H1 2022 business performance in the following weeks after the transaction has formally closed

Berlin, 4 July 2022 Delivery Hero SE (Delivery Hero, "the Company or the Group), the worlds leading local delivery platform, has successfully taken all closing actions for the transaction in relation to GlovoApp23, S.A. (Glovo). The Company will be the majority shareholder of Glovo and will hold approximately 94% of shares on a non-diluted basis in the leading multi-category delivery platform. The Delivery Hero share capital increase and the subsequent admission for trading is pending.

Niklas Östberg, CEO and Co-Founder of Delivery Hero, said: This partnership represents a perfect match and we are very happy to welcome Glovo to the Delivery Hero family. We have known, liked, and trusted each other for years. Our teams share the same vision, and yet we can still learn a lot from one another by exchanging knowledge and exploring technological as well as operational synergies.

Oscar Pierre, CEO and Co-Founder of Glovo, said: Joining forces with the Delivery Hero family will accelerate our growth and development of our product. Together we will be serving such a vast part of the population across four continents, with millions of local businesses and couriers continuously benefitting from our platform. We are very happy to finally start working together and share learnings and technology with other brands in the Group.

Glovos strong presence in Southern Europe and EEMEA complements Delivery Heros global footprint, bringing the total number of countries up to 74 and serving up to 2.2 billion people across four continents. The strategic partnership resulting from this transaction will allow both companies to leverage each others technological and operational expertise. Glovo will continue to operate with its existing brand and platform under the current management team led by its two founders Oscar Pierre and Sacha Michaud, who remain invested in Glovo.

More detailed information on Glovo's H1 2022 business performance is planned to be shared in the following weeks after the transaction has formally closed.

 

ABOUT DELIVERY HERO
Delivery Hero is the worlds leading local delivery platform, operating its service in over 70 countries across Asia, Europe, Latin America, the Middle East and Africa. The Company started as a food delivery service in 2011 and today runs its own delivery platform on four continents. Additionally, Delivery Hero is pioneering quick commerce, the next generation of e-commerce, aiming to bring groceries and household goods to customers in under one hour and often in 20 to 30 minutes. Headquartered in Berlin, Germany, Delivery Hero has been listed on the Frankfurt Stock Exchange since 2017 and is now part of the MDAX stock market index. For more information, please visit www.deliveryhero.com

ABOUT GLOVO
Glovo is a pioneering multi-category app connecting users with businesses, and couriers, offering on-demand services from local restaurants, grocers and supermarkets, and high street retail stores. Glovos vision is to give everyone easy access to everything within their city, so that our users can enjoy what they want, when they want, where they want. Founded in 2014 in Barcelona, it operates across 25 countries in Europe, Central Asia and Africa. For more information about Glovo, please visit https://about.glovoapp.com/en/

MEDIA CONTACT
Delivery Hero

Kingsum Li
Corporate & Financial Communications
+49 151 112 086 22
press@deliveryhero.com

Glovo
Katarzyna Kosior
Global Communications
+34 689 072 183
press@glovoapp.com

INVESTOR RELATIONS CONTACT
Delivery Hero

Christoph Bast
Head of Investor Relations
+49 160 30 13 435
ir@deliveryhero.com

 

DISCLAIMER
This release may contain forward looking statements, estimates, opinions and projections with respect to anticipated future performance of Delivery Hero SE ("forward-looking statements"). These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes," "estimates," "anticipates," "expects," "intends," "may," "will" or "should" or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current views, expectations and assumptions of the management of Delivery Hero SE and involve significant known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Any forward-looking statements included herein only speak as at the date of this release. We undertake no obligation, and do not expect to publicly update, or publicly revise, any of the information, forward-looking statements or the conclusions contained herein or to reflect new events or circumstances or to correct any inaccuracies which may become apparent subsequent to the date hereof, whether as a result of new information, future events or otherwise. We accept no liability whatsoever in respect of the achievement of such forward-looking statements and assumptions.



04.07.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Delivery Hero SE
Oranienburger Straße 70
10117 Berlin
Germany
Phone: +49 (0)30 5444 59 105
Fax: +49 (0)30 5444 59 024
E-mail: ir@deliveryhero.com
Internet: www.deliveryhero.com
ISIN: DE000A2E4K43
WKN: A2E4K4
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, OTC QB, OTC QX, SIX, Vienna Stock Exchange
EQS News ID: 1390399

 
End of News DGAP News Service

1390399  04.07.2022 

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