Dutch tech giant Just Eat Takeaway has been purchased for a massive €4.1 billion, marking one of the sector's most significant transactions to date.
In a significant move for the European tech industry, Prosus, the investment arm of South African tech firm Naspers, has agreed to acquire Just Eat Takeaway.com for €4.1bn. This acquisition, if approved, will be one of the largest acquisitions of a Dutch tech company in history.
Just Eat Takeaway's shares climbed 53% on the Amsterdam Stock Exchange this morning following the announcement. The company, formed in 2020 through the merger of UK-based Just Eat and Dutch company Takeaway.com, reported a 35% jump in pre-tax profits for 2024, reaching €460mn, alongside the announcement of the deal.
Prosus's long-term strategy for Just Eat Takeaway (JET) is to create a leading European tech champion in food delivery. Prosus aims to integrate JET’s extensive 18-country platform with its global food delivery ecosystem, including iFood and Swiggy, targeting around €10 billion in revenues by 2030 while unlocking approximately €1 billion in annual cost savings through AI-enhanced logistics and consolidation.
To navigate regulatory scrutiny, Prosus agreed to reduce its stake in Delivery Hero below 10% and relinquish board control where markets overlap, ensuring competition is preserved as mandated by the European Commission. This approach reflects a broader strategy of market consolidation driven by technological innovation, with AI at the core of reshaping delivery efficiency amid strict EU AI and data governance.
Jitse Groen, the company's CEO, described Just Eat Takeaway as "a faster growing, more profitable, and predominantly European-based business." Groen believes Prosus' expertise in the delivery sector and AI technology will bring further profits. Under the agreement, Just Eat Takeaway's current leadership will remain in place.
This acquisition makes the Amsterdam-based company one of the world's largest food delivery platforms. It's a strategic move that positions Prosus as the fourth-largest global food delivery group, competing against giants like Meituan, DoorDash, and Uber. Prosus fully supports Just Eat Takeaway's strategic plans and will help accelerate investments and growth.
Other notable Dutch tech buyouts 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. This acquisition by Prosus is one of the biggest in the history of Dutch tech, surpassing Qualcomm's $44bn attempt to acquire its Dutch rival NXP in 2018, which fell through after failing to win approval from Chinese regulators.
This article is tagged with tech, Investor, and our website Conference. If approved, the deal will solidify Prosus' position as a key player in the global food delivery market, pursuing sustainable growth by combining scale, AI optimization, and regulatory compliance.
Technology is at the core of Prosus's long-term strategy for Just Eat Takeaway, as they aim to integrate JET's platform with their global food delivery ecosystem, including iFood and Swiggy, using AI-enhanced logistics and consolidation. This acquisition is one of the biggest in the history of Dutch tech, surpassing Qualcomm's $44bn attempt to acquire its Dutch rival NXP in 2018.
