The delivery driver has a new boss: Uber takes over PedidosYa Paraguay

Uber has significantly expanded its global footprint by acquiring PedidosYa, the Latin American subsidiary of German company Delivery Hero, for $14.8 billion. This landmark deal places Uber in control of delivery operations across 13 countries in Latin America, including Paraguay, and integrates them into its existing network, now spanning 99 markets worldwide.

The acquisition is Uber's largest to date and is expected to dramatically alter the global delivery sector. The transaction values Delivery Hero at $14.8 billion, with Uber contributing $41.50 in cash per share. Having already owned approximately 25% of PedidosYa, Uber's net outlay is around $13.7 billion. The deal has received unanimous backing from PedidosYa's board, with Chairwoman Kristin Skogen Lund citing the need for a robust partner to ensure future competitiveness.

Regulatory approval from competition authorities in Germany and other markets is pending, with the deal expected to close in the second half of 2027. Uber has committed to maintaining PedidosYa's headquarters in Berlin and its corporate staff until 2029, alongside a €2 billion investment in Germany over the next five years.

In Paraguay, PedidosYa has been a dominant force since 2015, holding the largest market share in cities like Asunción, Ciudad del Este, and Encarnación. The Paraguayan delivery market has seen substantial growth, increasing by over 40% since the pandemic, with consumers typically waiting 35 minutes for orders. This established operational scale and density are precisely what Uber has acquired, avoiding years of effort to build a presence from scratch in a competitive market. However, Uber will not acquire PedidosYa's operations in Chile and Ecuador; these will be sold to the New York-based investment fund SSW Partners for $1.6 billion, along with Glovo's European assets. This strategic divestment aims to minimize overlap between Uber Eats and PedidosYa in markets where both currently compete, thereby facilitating approval from antitrust regulators.

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Joining forces with a robust partner is the way to ensure the group's future competitiveness.