Uber Technologies’ proposed $14.8 billion acquisition of German food delivery company Delivery Hero would give the U.S. ride-hailing company ownership of Kenya’s largest food delivery platform, Glovo, strengthening its position in one of Africa’s fastest-growing delivery markets.
Uber has announced it has agreed to acquire Delivery Hero for 41.50 euros per share in cash, valuing the Berlin-based company at about 13 billion euros ($14.8 billion). The transaction is expected to close in the second half of 2027, subject to shareholder and regulatory approvals.
Delivery Hero owns about 94% of Glovo after completing a 2.3 billion euro acquisition of the Spanish delivery company in 2022.
The deal would place both Glovo, the market leader in Kenya’s online food and grocery delivery sector, and Uber Eats under the same corporate owner.
Uber is acquiring Delivery Hero’s operations across 50 markets spanning Africa, the Middle East, Asia and Latin America, which together generated about $42 billion in gross merchandise value in 2025, according to the companies. Kenya, alongside Uganda, Nigeria, Morocco and Ivory Coast, is included in the assets Uber will acquire.
Separately, New York-based investment firm SSW Partners will acquire Delivery Hero’s operations in 14 mainly European markets for about 1.4 billion euros. Uber said those markets represent areas where the two companies have the greatest overlap, a structure intended to address potential antitrust concerns.
Kenya was not included in the divestment despite Uber Eats already operating in Nairobi, where it competes with Glovo.
The transaction is likely to draw scrutiny from Kenya’s Competition Authority, which reviews mergers that could substantially reduce competition. The regulator has previously intervened in the country’s app-based delivery sector, directing Glovo and Uber Eats in 2024 to establish local offices to handle consumer complaints.
The acquisition comes after the exit of Jumia Food from Kenya in late 2023, leaving Glovo, Uber Eats and Bolt Food as the country’s main food delivery platforms.
Until the transaction closes, Glovo and Uber Eats will continue operating as separate businesses.
If approved, the merger would leave Uber controlling two of Kenya’s three largest food delivery platforms, potentially reshaping competition, pricing, restaurant commissions and rider earnings in the East African market.
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