All 6 countries will be rebranded to Glovo’s company brand following a transition period
Delivery Hero SE has announced that Glovo will acquire Delivery Hero’s operations in the Balkan region.
According to the press release, Glovo will take over Delivery Hero’s businesses in Bosnia Herzegovina, Bulgaria, Montenegro, Romania and Serbia. It will also acquire certain assets of Delivery Hero’s Croatian operations.
Present in all 6 countries, Glovo is well-placed to continue investing into improved customer experience, long-term and sustainable operations, and further build-out the businesses locally.
The transactions involving Bosnia Herzegovina, Bulgaria, Croatia, Montenegro, and Serbia are expected to close within the next few weeks, subject to the fulfilment of the conditions precedent.
Romania is expected to close by Q1 2022, subject to the fulfillment of the conditions precedent and relevant regulatory approvals.
We’ve reported that Glovo partnered with popular discounter group from Germany.