Just Eat Takeaway.com is moving into the American food delivery market after taking over US firm Grubhub in a $7.3 billion deal.
The move comes months after UK firm Just Eat completed its merger with Netherlands-based Takeaway.com in a deal that was scrutinised by the CMA.
JET acquires 100% of New York Stock Exchange listed firm in a deal its says will create the world's largest online food delivery company outside China by revenue. Grubhub has an estimated 23% of the US food delivery market, while DoorDash has almost half of the trade and Uber Eats at around 22%.
Just Eat Takeaway.com also owns Canadian business SkipTheDishes and says the enlarged group processed around 593 million orderslast year for more than 70 million customers.
Matt Maloney, CEO and founder of Grubhub, will join the Just Eat Takeaway.com board and lead the businesses across North America.
Jitse Groen, CEO and founder of Just Eat Takeaway.com, said: "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.
"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."
