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Just Eat Takeaway.com has announced that it has completed the acquisition of 100% of the shares of Grubhub for an undisclosed sum.
The acquisition follows the clearing by the Competition and Markets Authority (CMA) of the £6.2bn merger between Just Eat plc and Takeaway.com. The merger was previously under investigation amid concerns about a possible monopoly position for creating the biggest food delivery service outside of China.
Furthermore, the transaction represents the group’s entry into the online food delivery market in the US adding to its existing position in the UK, the Netherlands and Germany.
Jitse Groen, CEO and founder, Just Eat Takeaway.com, said: “I have always believed that the combination of Takeaway.com, Just Eat and Grubhub is a winning combination.
“The new company is the market leader in Europe, Canada and Australia, with very strong positions in the most important markets in the United States. It is humbling to run such a company after our start in Holland more than twenty years ago.”
Matt Maloney, founder of Grubhub, added: “I couldn’t be more excited to enter this next chapter of Grubhub’s story with the global leadership and experience of the Just Eat Takeaway team.
“Our companies share an unwavering focus on supporting restaurants and our communities around the world. Together we will continue to innovate and break new ground in our industry as we each have separately for the past 20 years.”
