M&A Deal Summary

Delivery Hero Acquires Carriage Logistics General Trading Co.

On May 29, 2017, Delivery Hero acquired internet software and services company Carriage Logistics General Trading Co.

Acquisition Highlights
  • This is Delivery Hero’s 11th transaction in the Internet Software and Services sector.
  • This is Delivery Hero’s 1st transaction in Kuwait.

M&A Deal Summary

Date 2017-05-29
Target Carriage Logistics General Trading Co.
Sector Internet Software and Services
Buyer(s) Delivery Hero
Deal Type Add-on Acquisition

Target

Carriage Logistics General Trading Co.

Mirqab, Kuwait
Carriage Logistics General Trading Co. is a food delivery platform. Carriage Logistics General Trading Co. was founded in 2016 and is based in Mirquab, Kuwait.

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Buyer(S) 1

Buyer

Delivery Hero

Berlin, Germany

Category Company
Founded 2011
Sector Internet Software and Services
Employees44,612
Revenue 12.3B EUR (2024)
DESCRIPTION

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


DEAL STATS #
Overall 12 of 17
Sector: Internet Software and Services M&A 11 of 16
Type: Add-on Acquisition M&A Deals 9 of 12
Country: Kuwait M&A 1 of 1
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-15 hungryhouse.com

London, United Kingdom

hungryhouse.com Ltd. is a provider of online takeaway food delivery services.

Sell £200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-20 Foodfly

Seoul, South Korea

Foodfly is a fast-growing Korean food delivery platform based in Seoul. Foodfly operates a food delivery marketplace with own delivery services, allowing it to add restaurants to its platform that do not offer delivery services themselves. Currently Foodfly maintains partnerships with 1,700 restaurants in Seoul. These services will allow Delivery Hero in Korea, currently operating under the Yogiyo brand and the Baedaltong brand, to provide additional restaurant choice to the consumer.

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