Glovo has signed an agreement with Delivery Hero, which owns Foodpanda, for the acquisition of operations in Romania, Bulgaria, Bosnia and Herzegovina, Croatia, Montenegro and Serbia for EUR 170 million.
“It has always been essential for our long-term strategy to focus on markets where we see clear opportunities to lead and where we can build a sustainable business. Central and Eastern Europe is an important part of this plan. The region has truly accepted delivery platforms and we are very excited to strengthen our presence and grow our footprint in countries that continue to show enormous potential for growth, ”says Oscar Pierre, Glovo CEO.
Glovo has been in existence in Romania for four years, and last year it announced that it maintains its leading position on the local market for fast delivery platforms.
