Just Eat Takeaway.com

Slovakian delivery market leader acquired

The typical orange of the Just Eat Takeaway.com brands will soon be seen in Slovakian cities.
Just Eat Takeaway.com
The typical orange of the Just Eat Takeaway.com brands will soon be seen in Slovakian cities.

Deliveryando parent Just Eat Takeaway.com is expanding its presence in Eastern Europe. According to the company, it will take over the Slovakian market leader in food delivery Bistro.sk. This has been agreed with the previous owner, Ringier Axel Springer Media AG. Just Eat Takeaway.com is thus further expanding its position as one of the world's largest online delivery services.

According to Just Eat Takeaway.com, the purchase price for the platform is approximately 50 million euros. The purchase is expected to close before the end of 2021. Upon closing, Bistro.sk will be rebranded with the distinctive, consistent Just Eat Takeaway.com look and feel, and its IT systems will be migrated to Just Eat Takeaway.com's systems.

Based on search volume and website data, bistro.sk is the market leader in online delivery services in Slovakia, Just Eat Takeaway.com said. The delivery platform covers the whole of Slovakia, and in several central cities bistro.sk also delivers with its own drivers. There are about 2,000 restaurants on the platform, and the number of active users is more than 400,000. Slovakia has about 5.5 million inhabitants.

Jörg Gerbig, COO Just Eat Takeaway.com assesses the acquisition as follows: "The acquisition of Bistro.sk adds a profitable delivery platform to our geographic footprint. The business has a strong foundation on which to build: a leading position in online food delivery, high brand recognition and attractive customer groups. We look forward to growing the business."

Seller Ringier Axel Springer also commented on the deal in the form of CEO Mark Dean: "With Bistro.sk have built a strong online food delivery service from the ground up, growing from a few daily orders to millions per year. We are delighted to have found a partner in Just Eat Takeaway.com who will bring international food delivery expertise to help grow the brand. The transaction will allow Ringier Axel Springer Media to focus on its strategy based on online publishing, classifieds and community business in Slovakia."

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