Major Dutch tech acquisition: Just Eat Takeaway acquired for an impressive €4.1 billion in one of the country's largest-ever deals.
Prosus, a Dutch technology investment company with a global footprint, has made a significant move in the food delivery sector by acquiring Just Eat Takeaway.com. This acquisition aligns with Prosus' strategic focus on expanding its food delivery business worldwide.
Founded in 1994 and headquartered in Amsterdam, Prosus has been a global player in the internet and technology industry, investing and operating in various sectors such as classifieds, payments and fintech, food delivery, education technology, and ventures. In 2024, the company reported strong financial performance, with revenues of $6.17 billion and net income of $12.37 billion[1].
Just Eat Takeaway was formed in 2020 through the merger of UK-based Just Eat and Dutch company Takeaway.com. The €7.4bn deal made the Amsterdam-based company one of the world's largest food delivery platforms. Prosus' acquisition of Just Eat Takeaway for €4.1bn will further solidify its position in the sector.
The acquisition is one of the biggest in the history of Dutch tech. Just Eat Takeaway's shares climbed 53% on the Amsterdam Stock Exchange this morning following the announcement. If approved, it will be one of the largest acquisitions of a Dutch tech company in history.
Prosus' CEO, Fabricio Bloisi, plans to turn Just Eat Takeaway into a "European tech champion." Just Eat Takeaway's CEO, Jitse Groen, believes Prosus' expertise in the delivery sector and AI technology will bring further profits. The agreement states that Just Eat Takeaway's current leadership will remain in place.
This acquisition is part of Prosus' broader ambition to transform into a leading operating technology company and become the number one lifestyle e-commerce company in Latin America as well as extending its leadership internationally[3]. Prosus already owns iFood, Latin America's largest food delivery platform, and has stakes in Germany's Delivery Hero, Chinese shopping platform Meituan, and Swiggy, a grocery delivery app in India.
Post-acquisition, Prosus seeks to leverage Just Eat Takeaway.com’s strong European presence to accelerate growth and streamline operations. The company has extended key timelines related to this acquisition to meet regulatory requirements but remains committed to integrating and expanding its food delivery platforms to capitalize on the growing demand in the sector[5].
Other significant buyouts in the Netherlands include Warburg Pincus and Apax Partners' €5.1bn acquisition of T-Mobile Netherlands in 2021 and Siemens' €628mn purchase of Rotterdam-based software startup Mendix in 2018.
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[1] Prosus Reports Strong Financial Performance in 2024 [3] Prosus Aims to Become Leading Operating Technology Company [4] Prosus Expands Food Delivery Business with Just Eat Takeaway.com Acquisition [5] Prosus Extends Key Timelines for Just Eat Takeaway.com Acquisition
- Prosus' acquisition of Just Eat Takeaway for €4.1bn demonstrates their commitment to expanding their food delivery business globally, with a focus on leveraging technology in the business sector.
- As Prosus already owns iFood and has stakes in other food delivery platforms, this acquisition in the technology-driven food delivery sector aligns with their broader ambition to become a leading operating technology company, particularly in Latin America.
