Dutch Takeaway.com to Acquire Israeli Food Delivery Company for €135 Million
Tel Aviv-based 10bis offers on-demand online food delivery service from local restaurants, as well as a payment system for employee lunches
For daily updates, subscribe to our newsletter by clicking here.The acquisition is subject to the approval of a general meeting of Takeaway.com’s shareholders. The company stated the deal is expected to close in the second half of 2018.
A talent crunch in Israel’s tech industry has companies courting potential employees with various perks, including generous lunch budgets and meal plans. 10bis serves thousands of companies in the country, including eBay, Mobileye, and Amdocs. In 2017, the company’s delivery service processed 15.2 million orders of over 140 million euros resulting, according to the company’s statement. Local competition for 10bis includes Cibus Business Meals Ltd., Goodi Dining Solutions Ltd., and PaidIt Digital Payment Solutions Ltd.
“With this transformative deal, we will be able to add a B2B offering to our already highly compelling B2C and Scoober proposition throughout all our markets,” said in a statement Joerg Gerbig, chief operating officer of Takeaway.com.