Supply Hero introduced Thursday that it’s backing a takeover bid from U.S. ride-hailing big Uber to accumulate the German meals supply group, which operates in additional than 50 markets throughout Asia, Europe, Latin America and the Center East.
The deal offers Uber a stronger foothold throughout Asia, the Center East, Latin America and elements of Europe, together with key markets similar to South Korea, Italy, Saudi Arabia, the United Arab Emirates and Argentina.
Uber has agreed to supply 41.50 euros per share in money for all of Supply Hero’s shares, valuing the German meals supply firm at 13 billion euros ($14.8 billion).
The corporate stated the deal is price about $13.7 billion (12 billion euros), considering Uber’s beforehand acquired stake.
Berlin-based Supply Hero was based in 2011. The German firm at present operates in additional than 60 markets and is without doubt one of the world’s largest meals supply teams. The corporate has additionally expanded past its conventional meals enterprise into “fast commerce,” which delivers small packages to clients.
The partnership will develop Uber’s mobility and meals supply operations to 99 international locations. Collectively, Uber and Supply Hero generated gross bookings price $236 billion (€205.9 billion) in 2025, as measured by gross merchandise worth (GMV).
Uber stated the acquisition creates what it calls the world’s largest mobility and supply platform.
“By combining our platforms, Uber will develop reasonably priced and dependable supply to much more folks on this planet’s most dynamic economies, whereas creating extra alternatives for retailers and couriers,” stated Dara Khosrowshahi, CEO of Uber.
“Uber’s world mobility and supply platform and shared dedication to innovation make this the precise partnership to additional construct on Supply Hero’s strengths in native meals supply and fast commerce,” stated Niklas Oestberg, CEO and co-founder of Supply Hero.
Uber expects the acquisition to be accretive to its adjusted earnings per share as soon as the transaction closes, with the corporate anticipating it to extend by a high-single-digit proportion by the third yr.
Supply Hero’s shares fell 0.5% on the Frankfurt market after the announcement, buying and selling at 37.90 euros by early afternoon.
Uber has agreed to not make any adjustments to its Supply Hero workforce in Berlin till no less than 2029.
Moreover, Uber has dedicated to investing €2 billion in Germany by 2031, with a give attention to growing the native workforce, rising its operations nationally, introducing self-driving automobiles and initiating partnerships with the German auto trade.
Individually, Supply Hero agreed to promote its 14-market enterprise, which competes with Uber Eats, to New York-based funding agency SSW Companions for about 1.4 billion euros. The sale is topic to the completion of the Uber acquisition and the satisfaction of different customary closing situations.
Nonetheless, the acquisition will solely proceed if Uber secures no less than 50% plus one share of Supply Hero’s issued share capital (together with shares it already owns) and receives the mandatory regulatory approvals.
Prosus, Supply Hero’s largest shareholder, has irrevocably dedicated to tendering its shares, giving Uber an financial curiosity of about 53% within the firm.
Supply Hero’s administration and supervisory board will advocate that shareholders settle for the supply, topic to consideration of the formal supply doc, and stated the acquisition is predicted to be accomplished within the second half of 2027.
