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The excessive stakes recreation of chess (or, nicely, consolidation hen) that’s on-demand meals supply rolls on at the moment with slightly extra territorial swapping in Europe: Barcelona-based Glovo has agreed to purchase three of Berlin-based Supply Hero’s meals supply manufacturers in Central and Jap Europe with offers that it mentioned are price a complete worth of €170 million (~$208M).
Particularly, it’s selecting up Supply Hero’s foodpanda model in Romania and Bulgaria; the Donesi model in Serbia, Montenegro, Bosnia and Herzegovina; and Pauza in Croatia.
There’s some notable symmetry right here: Final yr Supply Hero shelled out $272M for a bunch of Glovo’s LatAm manufacturers, because the latter gave up on a area it had already began withdrawing from in its quest for profitability.