Grubhub announced that it has entered into an agreement for an all-cash transaction to acquire Foodler, one of the largest independent North American online food-ordering companies.
The agreement with Boston-based Foodler, which is subject to certain closing conditions, extends Grubhub's leadership in New England and will add more than $80 million of annualized gross food sales in 2017. This will expand the breadth and depth of Grubhub's national network of more than 55,000 existing restaurant partners and 8.8 million active diners.
"We're thrilled to bring Foodler's scale and its established diner base in the Northeast to Grubhub," said Matt Maloney, Grubhub CEO. "Its addition will enhance the Grubhub marketplace – particularly in Foodler's hometown market of Boston – allowing us to connect our diners with an even broader range of top-rated, popular local restaurants."
"Foodler is proud to become a part of the national leader in online food ordering," said Christian Dumontet, Foodler CEO. "Foodler has continuously evolved to provide a superior user experience, and our diners will benefit from Grubhub's robust functionality and wide-ranging restaurant network that operates in 1,100 cities across the U.S."
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