Delivery Hero welcomes Woowa to the group – all closing actions taken

Together, they will be able to mutually leverage market insights, technology and operational best practices

03-Mar-2021 - Germany

Following the official written decision by the Korea Fair Trade Commission, Delivery Hero SE (“Delivery Hero”) yesterday took all actions to close the transaction in relation to Woowa Brothers Corp. (“Woowa”). The Delivery Hero share capital increase and the subsequent admission for trading is pending.

Delivery Hero

Delivery Hero welcomes Woowa to the group – all closing actions taken

After announcing that we were entering into a strategic partnership with Woowa in December 2019, I am now incredibly excited to start working together. It is an honour to welcome Bongjin Kim and his team to our family of founders and entrepreneurs. He is an exceptional leader with values that closely align with Delivery Hero’s. We truly believe that our partnership with the management of Woowa will have a positive impact in Korea and on the global delivery industry as a whole.Niklas Östberg, CEO and Co-Founder of Delivery Hero

As part of the transaction, Delivery Hero and the Woowa management are moving into a strategic partnership regarding the operations of both companies in Asia. Together, Delivery Hero and Woowa will be able to mutually leverage market insights, technology and operational best practices.

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