Just Eat agrees to purchase Grubhub

Just Eat Takeaway.com announced on June 10 that it has agreed to purchase all shares of Grubhub in a deal that will result in the largest online food delivery company outside of China.

The combined group will connect restaurants with customers in 25 countries, with a focus on four markets: the United States, the United Kingdom, the Netherlands, and Germany. Just Eat Takeaway.com also owns SkipTheDishes, a popular online delivery business in Canada that features Mad Men‘s Jon Hamm as its spokesperson.

On completion, Matt Maloney, CEO and founder of Grubhub, will join the Just Eat Takeaway.com management board and will lead the group’s businesses across North America. Two current Grubhub directors will also join the Just Eat Takeaway.com supervisory board.

The group will be headquartered in Amsterdam, the Netherlands, with its North American headquarters in Chicago and a significant presence in the United Kingdom.

“Matt and I are the two remaining food delivery veterans in the sector, having started our respective businesses at the turn of the century, albeit on two different continents,” said Jitse Groen, CEO and founder of Just Eat Takeaway.com, in a statement. “Both of us have a firm belief that only businesses with high-quality and profitable growth will sustain in our sector. I am excited that we can create the world’s largest food delivery business outside China. We look forward to welcoming Matt and his team to our company and working with them in the future.”

Matt Maloney, CEO and founder of Grubhub, commented: “When Grubhub and Seamless were founded, the online takeout industry didn’t exist in the U.S.. My vision was to transform the delivery and pick-up ordering experience. Like so many other entrepreneurs, we started modestly – restaurant by restaurant in our Chicago neighbourhood. Today, Grubhub is a leader across North America. I’ve known Jitse since 2007 and his story is much like mine. Combining the companies that started it all will mean that two trailblazing start-ups have become a clear global leader. We share a focus on a hybrid model that places extra value on volume at independent restaurants, driving profitable growth. Supported by Just Eat Takeaway.com, we intend to accelerate our mission to be the fastest, best and most rewarding way to order food from your favourite local restaurants in North America and around the world. We could not be more excited.”

For further details, please refer to the combined group’s official statement.

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