Just Eat and Takeaway.com merger will create a “formidable” business

Just Eat and Takeaway.com have agreed to merge in an all-share combination and become Just Eat Takeaway.com. 

The merger will create one of the world’s largest online food delivery platforms with 355 million orders worth €7.3 billion in 2018.

Mike Evans, Just Eat chairman, said the deal was a “compelling offer for Just Eat shareholders which will create a global leader in a dynamic and rapidly growing sector.

“Our businesses have a shared philosophy and culture, and together we will create one of the world’s largest online food delivery platforms with leading positions in key markets.

“With a significant commitment to the UK and to the employees of Just Eat, we believe the new combination and proven leadership team will allow us to better serve our millions of consumers and thousands of restaurant partners around the world.

“Just Eat will be a driving force in the creation of an exciting global leader and I am looking forward to working with the talented Takeaway.com team to seize this opportunity together.”

Jitse Groen, CEO of Takeaway.com said the newly merged business will become a “formidable company that will make an impact on tens of millions of consumers across the globe; it will be at the forefront of product and tech development in the sector, and it will lead the way in its relationship with its consumers, restaurant partners, its staff, and its delivery drivers.

“It is a dreamed combination, created by the sector’s dream team, and I can only be grateful for the opportunity of leading it.”

Groen will become CEO of the business, while Evans will be chairman.