Dutch Takeaway.com and British Just Eat confirmed on Monday that the merger of the two home-delivery companies will indeed take place, the Financial Times writes on Monday. From the fusion will be born the largest platform online Europe's meal delivery operation could be worth € 10.1 billion.
The two companies justify the decision to join the operation by the rapid consolidation of the sector. Takeaway.com and Just Eat alone in 2018 made 355 million deliveries worth 7.3 billion euros.
In order to complete this merger, Just Eat will receive shares from Takeaway.com, valuing the British listed company's equity at approximately £ 5 billion (around € 5.4 billion). The new group may be called Just Eat Takeaway.com, with the British owning 52.15% of the new group and the Dutch owning the remaining 47.8%.
“This is the beginning of the long process of consolidation in the sector,” said the chairman Just Eat's Mike Evans, quoted by the Financial Times, will also take up the same position in the new group. Already the counterpart of the Dutch company, Adriaan Nühn, will take the position of "vice" and will have the portfolio of supervision of the new company.
Takeaway.com's current chief executive, Jitse Groen, will be the chief executive of the new group that will be headquartered in Amsterdam, the Netherlands, although it is listed on the London Stock Exchange, where it will maintain an important part of its operation. Still, Takeaway.com's departure from Holandasa Square will only occur within a year.
The operations of the two companies do not overlap geographically, meaning that the new group will have a stronger global 'footprint'. Just Eat operates in the United Kingdom and Western Europe and is expanding its business to Canada, Australia and South America. Takeaway.com is mainly located in Eastern Europe and has a dominant position in Europe. Germany – Since the beginning of 2019 it is also present in Portugal.
Just Eat and Takeway.com study fusion. Group may have operation exceeding ten billion euros