Delivery Hero Group announces integration plan of foodpanda
13 FEBRUARY 2017, BERLIN
SummaryAfter successful closing of the foodpanda acquisition by the Delivery Hero Group a detailed post-merger integration plan, as agreed between Delivery Hero and foodpanda management, was announced today.
foodpanda’s Asian markets will be integrated into the foodora management structure given the similarity of both businesses, especially regarding the share of own delivery operations and tech platform. This combination of strengths will allow for building even better takeaway experiences, while providing the best services for restaurant and delivery operations.
foodpanda’s markets in the Middle East and Europe will be integrated into Delivery Hero’s regional management structure to combine a strong local approach with best practices and innovations from Delivery Hero’s central team.
Foodpanda and Delivery Hero’s management are convinced that combining forces in this way will create the most effective organisation while reducing complexity in management and product development structures. Both companies are on a fast growth trajectory and are expected to grow significantly across all functions.
Niklas Östberg says: “Combining our central organisations fills our respective needs for talents and creates the best possible setup for future growth. This combination of forces will enable us to deliver an even better takeaway experience to our customers in more than 40 markets globally.”