M&A Deal Summary

Delivery Hero Acquires Woowa Brothers

On December 12, 2019, Delivery Hero acquired internet software and services company Woowa Brothers for 4.0B USD

Acquisition Highlights
  • This is Delivery Hero’s 14th transaction in the Internet Software and Services sector.
  • This is Delivery Hero’s largest (disclosed) transaction.
  • This is Delivery Hero’s 2nd transaction in South Korea.

M&A Deal Summary
Date 2019-12-12
Target Woowa Brothers
Sector Internet Software and Services
Buyer(s) Delivery Hero
Deal Type Add-on Acquisition
Deal Value 4.0B USD

Target

Woowa Brothers

Seoul, South Korea
website
Woowa Brothers offers an online food delivery and ordering service that serves the South Korean market. The Company was established in 2010.

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Buyer(S) 1

Buyer

Delivery Hero

Berlin, Germany

website

Category Company
Founded 2011
Sector Internet Software and Services
Employees35,528
Revenue 8.6B EUR (2022)
DESCRIPTION

Delivery Hero is a worldwide network of online food ordering sites with 10s of thousands of restaurants connected to its service across 5 continents. Delivery Hero was founded in 2011 and is based in Berlin, Germany.

DEAL STATS #
Overall 15 of 17
Sector (Internet Software and Services) 14 of 16
Type (Add-on Acquisition) 11 of 12
Country (South Korea) 2 of 2
Year (2019) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-21 pizza.de

Braunschweig, Germany

pizza.de GmbH is an online food ordering company. pizza.de was founded in 2007 and is based in Braunschweig, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-14 Foodora

Toronto, Ontario, Canada

Foodora, Inc. is dedicated to bringing food lovers around the world their favorite meals from curated local restaurants. Foodora is based in Toronto, Ontario.

Sell -
Mergr

Product

Company

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