Now Getir would be holding takeover talks with Flink. The flash company, which is German like Gorillas, is also active in the Netherlands. If the takeover goes through, the number of flash delivery companies will quickly thin out.
Getir bought Gorillas in December last year. The Turkish company, which had already started the fast delivery of groceries in 2015, would have paid 1.2 billion dollars (1.1 billion euros) for this. Flink may cost a similar amount.
Parallel to the takeover talks, the German company is also talking with lenders about an investment round, writes FT. Flink recently announced that it wants to be profitable in Germany by the end of the year. In the Netherlands that should happen next year. The company wants to achieve this by, among other things, expanding less aggressively.
A possible takeover of Flink by Getir is facilitated by the fact that Mubadala Investment Company, Abu Dhabi’s sovereign wealth fund, has a stake in both companies. If the takeover is completed, all three flash delivery services active in the Netherlands will be part of one company.
In addition to Getir, Gorillas and Flink, the British Zapp was also active here, but that company left halfway through last year.
2023-05-01 07:26:14
#Flash #delivery #companies #rapidly #disappearing #Economy
