The American giant Uber has reached an agreement to acquire the German food delivery company Delivery Hero in a deal valued at €12,7 billion. Already the largest shareholder in the Berlin-based group with approximately 36% of its capital held indirectly, Uber is taking another step in consolidating the global home delivery market.
The offer values each Delivery Hero share at €41,50, representing a premium of approximately 34% over the average share price observed over the past three months. Delivery Hero CEO and co-founder Niklas Östberg welcomed the acquisition, stating that Uber's global capabilities in mobility and delivery services will strengthen the group's position in food delivery and quick commerce.
A new consolidation of the sector
This acquisition comes amid a context of accelerated market consolidation. In recent months, the American company DoorDash acquired Deliveroo, while the Dutch company Just Eat Takeaway was bought by Prosus. Despite strong growth since its creation in 2011, further boosted during the Covid-19 pandemic, Delivery Hero has never managed to achieve profitability.
The acquisition is expected to be finalized in the second half of 2027, subject to approval from competition authorities. Uber has committed to preserving Delivery Hero's management autonomy, maintaining jobs for at least three years, and investing two billion euros in Germany by 2031.
Alongside this acquisition, Delivery Hero announced the sale of some of its operations in 14 European and South American countries to the American investment fund SSW Partners for €1,4 billion. This transaction is intended to help reduce the group's debt before its integration into Uber.
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