{"id":72224,"date":"2023-07-24T00:00:00","date_gmt":"2023-07-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/07\/24\/food-delivery-company-delivery-hero-fully-acquires-its-saudi-subsidiary-hungerstation\/"},"modified":"2023-07-24T00:00:00","modified_gmt":"2023-07-24T00:00:00","slug":"food-delivery-company-delivery-hero-fully-acquires-its-saudi-subsidiary-hungerstation","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/07\/24\/food-delivery-company-delivery-hero-fully-acquires-its-saudi-subsidiary-hungerstation\/","title":{"rendered":"Food delivery company Delivery Hero fully acquires its Saudi subsidiary HungerStation"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Delivery Hero fully acquires Saudi subsidiary HungerStation: <\/span><span style=\"\">German online food <\/span><span style=\"\">delivery company <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.deliveryhero.com\/\" style=\"\">Delivery Hero<\/a><\/span><span style=\"\"> has acquired <\/span><span style=\"\">all outstanding minority shares<\/span><span style=\"\"> in its Saudi subsidiary, HungerStation, which operates Delivery Hero in Saudi Arabia, for USD 297 mn, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.deliveryhero.com\/newsroom\/delivery-hero-takes-sole-ownership-of-hungerstation\/\" style=\"\">press release<\/a><\/span><span style=\"\">. The shares amounted to a 37% stake, giving Delivery Hero sole ownership of the Saudi subsidiary. The move aims to str<\/span><span style=\"font-weight:400;\">engthen the company\u2019s presence in the Middle Eastern food delivery market. Enterprise Logistics was unable to reach representatives from Delivery Hero or Hunger Station ahead of dispatch. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">A boon for HungerStation\u2019s operations: <\/span><span>The acquisition will see<\/span><span style=\"font-weight:400;\"> Delivery Hero strengthen HungerStation\u2019s ties with its ecosystem through exchanging knowledge and tech integration, the press release said. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">An M&A trend in the F&B delivery sector? <\/span><span>T<\/span><span style=\"\">he<\/span><span style=\"\"> highly competitive food delivery industry has witnessed a trend of consolidation, with numerous companies acquiring rivals to enhance their size and reach, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cnbc.com\/2023\/07\/21\/delivery-hero-doubles-down-on-middle-east-with-saudi-deal.html\" style=\"\">CNBC<\/a><\/span><span style=\"\">reports<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">About DeliveryHero: <\/span><span style=\"font-weight:400;\">Founded in 2011, the company operates in more than 70 countries across Asia, Europe, Latin America, the Middle East, and Africa, and is currently one of the biggest delivery companies in Europe, with a USD 10 bn valuation. The company faced difficulties in its home country and ultimately had to exit in December 2021 after ceding ground to Netherlands-based Just Eat Takeaway.com.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">About HungerStation: <\/span><span style=\"font-weight:400;\">HungerStation is a leading food delivery player in Saudi Arabia and Bahrain, and currently connects more than 20k partners, including restaurants and grocery stores, with customers. The company saw its revenues rise a significant 36% to EUR 609 mn in FY 2022, and achieved a positive EBIT, the press release said.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The acquisition will see Delivery Hero boost Hunger Station\u2019s operations through knowledge sharing and tech integration<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[941],"tags":[162,17,653,137,31],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-72224","post","type-post","status-publish","format-standard","hentry","category-ma-watch-2","tag-e-commerce","tag-enterprise-logistics","tag-food-and-beverage","tag-ma-watch","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"26caaa1b-fa33-430f-b689-90fea76fee44","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/7\/841.jpeg,https:\/\/www.instagram.com\/p\/Ca45U_QN1If\/","photo_position":"above","homepage_title":"","full_issue_title":"Delivery Hero acquires remaining 37% stake in HungerStation","related_issue":[72214],"teaser":"The acquisition will see Delivery Hero boost Hunger Station\u2019s operations through knowledge sharing and tech integration","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/7\/.c897d7d6-08de-444b-b86c-caee6c940683.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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