M&A Deal Summary

foodpanda Acquires HungerStation.com

On August 9, 2016, foodpanda acquired internet software and services company HungerStation.com

Acquisition Highlights
  • This is foodpanda’s 12th transaction in the Internet Software and Services sector.
  • This is foodpanda’s 1st transaction in Saudi Arabia.

M&A Deal Summary

Date 2016-08-09
Target HungerStation.com
Sector Internet Software and Services
Buyer(s) foodpanda
Deal Type Add-on Acquisition

Target

HungerStation.com

Dammam, Saudi Arabia
HungerStation.com is an online food ordering portal in the region to bring food from your favorite restaurant to your doorstep.

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Buyer(S) 1

Buyer

foodpanda

Berlin, Germany

Category Company
Founded 2012
Sector Internet Software and Services
DESCRIPTION

foodpanda is a global online food delivery marketplace, active in 40 countries on five continents. foodpanda was formed in 2012 and is based in Berlin, Germany.


DEAL STATS #
Overall 13 of 13
Sector: Internet Software and Services M&A 12 of 12
Type: Add-on Acquisition M&A Deals 12 of 12
Country: Saudi Arabia M&A 1 of 1
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-17 Delivery.com - Hong Kong Business

China

Delivery.com - Hong Kong Business is an online provider of food ordering marketplace.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-03 Delivery Club

Moscow, Russia

Delivery Club Ltd. is a provider of food delivery service with over 2,500 restaurants. Delivery Club is the major player in the growing Russian food delivery market. It currently has over 4,500 connected restaurants and the number of orders reached 20,000 per day. Delivery Club mobile app is the main way users access the service and accounts for over 72% of total orders. This share has increased 2.7x over the last three years.

Sell $100M