Just Eat Takeaway.com completes purchase of US food delivery rival Grubhub

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Just Eat Takeaway.com completes purchase of US food delivery rival Grubhub

Related tags Just Eat Grubhub Delivery & takeaway

Just Eat Takeaway.com has announced that it has completed the US$7.3bn (£5.75bn) deal to acquire US food delivery company Grubhub.

The deal, which was agreed in June 2020​, marks Just Eat Takeaway.com’s entry into online food delivery in the US and means that the company now operates in the US, the UK, the Netherlands and Germany, what it describes as the “four of the world’s most attractive markets in online food delivery”.

The move will create the biggest food delivery service outside of China.

“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,” says Jitse Groen, CEO and founder of Just Eat Takeaway.com.

The deal will increase the enlarged group’s ability to deploy capital and resources to strengthen its competitive positions in all markets, according to the company.

“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,” says Matt Maloney, founder of Grubhub, added. “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.”

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