Getir, which has become one of the largest companies in Turkey and expanded abroad, made a splash today with its acquisition of Gorillas.
In 2015, it started the market product delivery model in an average of 10 minutes for the first time in the world. Bring, It’s been growing incredibly fast since life passed. Getir, which started to serve not only in Turkey, but also in countries such as England, Germany, France and the USA, According to FT’s report It bought the entirety of Germany-based rival Gorillas for $1.2 billion. According to the statement, the total value of the companies that merged after this acquisition It will be 10 billion dollars.
According to the FT, the Gorillas were not in good shape financially. Sources who know the financial situation of Gorillas report that last month, the Berlin-based company spent almost all of the $1.3 billion it collected. In net income The company, which is reported to have lost an average of 1.50 Euros for every 1 Euro it has acquired.It is stated that the sales issue has been on the table for a long time due to the great losses it has experienced.
Nazım Salur, founder of Getir; for the subject “The markets may go up and down, but the important thing is that our users love our service and that the convenience we offer is accepted by everyone. As the fast grocery delivery industry continues to grow steadily for many years to come, Getir will continue to lead the industry it invented 7 years ago.” made the statement.
YOU MAY BE INTERESTED
The company came to our agenda with a recent layoff development. According to the news released last month, the company Parted ways with 4,480 employees. Total It is stated to have more than 32 thousand employees. and the company, which made this layoff globally, stated that they would change its aggressive growth plan at that time.
The company, which grows really fast and aims for a more stable growth plan, “Rising inflation and deteriorating macroeconomic outlook around the world are forcing all companies in the technology industry, including Getir, to adapt to the new climate.” he said. For now, the company does not plan to leave the countries it has entered and states that the decision to dismiss is very difficult.