Uber Technologies has announced an agreement to acquire Delivery Hero in a transaction valued at approximately $14.8 billion, creating one of the world’s largest integrated mobility and food delivery companies with operations spanning 99 markets.
The proposed acquisition will combine Uber’s global mobility and delivery platform with Delivery Hero’s portfolio of regional delivery brands, significantly expanding Uber’s presence across Europe, the Middle East, Africa, Asia and Latin America.
Uber Expands Global Delivery Network
Under the terms of the voluntary takeover offer, Uber will pay Delivery Hero shareholders €41.50 per share, valuing the company at approximately $14.8 billion. Adjusted for Uber’s existing shareholding, the transaction is valued at around $13.7 billion.
The combined business would generate pro-forma Gross Bookings of approximately $236 billion based on 2025 figures. Uber expects to nearly double the number of markets where it offers both mobility and delivery services, increasing from 34 to 58 markets.
The acquisition includes Delivery Hero’s leading brands across 50 markets, including Baedal Minjok in South Korea, Glovo across multiple European and African countries, Hungerstation in Saudi Arabia, PedidosYa in Latin America, talabat in the Middle East, and foodpanda operations across several Asian markets.
SSW Partners to Acquire Overlapping Businesses
As part of the broader transaction, New York-based investment firm SSW Partners will acquire Delivery Hero businesses in 14 markets for approximately $1.6 billion. These include foodora operations in Austria, Czechia, Norway and Sweden, Glovo businesses in Spain, Portugal, Poland, Romania and Moldova, PedidosYa operations in Chile and Ecuador, Foody in Cyprus, efood in Greece and Yemeksepeti in Türkiye.
Uber said the arrangement is designed to address markets where significant overlap exists between the two companies. SSW Partners will independently manage these businesses and seek long-term strategic owners.
Focus on Growth and Customer Experience
Uber expects the acquisition to strengthen its cross-platform strategy by combining transportation and food delivery services under a single ecosystem. The company believes the larger network will provide consumers with greater choice, merchants with increased customer demand, and couriers with more earning opportunities through a denser delivery network.
According to Uber, customers who already use both mobility and delivery services generate approximately three times more Gross Bookings than single-service users, making cross-platform engagement a key driver of future growth.
“Delivery Hero’s talented team has built an extraordinary business, with beloved local brands and leading positions across many of the world’s fastest-growing delivery markets,” said Dara Khosrowshahi, CEO of Uber.
Investment in Germany
Uber has committed to maintaining Delivery Hero’s headquarters in Berlin and preserving its workforce until at least 2029. The company also plans to invest €2 billion in Germany over the next five years, focusing on expanding its local operations, increasing its corporate workforce and supporting autonomous vehicle partnerships with the German automotive industry.
Transaction Expected to Close in 2027
The acquisition will be financed through Uber’s existing cash reserves and new debt financing. Completion remains subject to shareholder approval, regulatory clearances and customary closing conditions.
Uber currently owns approximately 24.8% of Delivery Hero’s voting shares and has additional economic exposure through equity derivatives. With support from major shareholder Prosus, Uber has secured economic backing representing approximately 53% of Delivery Hero’s share capital.
The transaction is expected to close during the second half of 2027 following approval by German financial regulator BaFin and competition authorities.
