Latin Americans

DGAP-News: Delivery Hero strengthens its global footprint and acquires Glovo's operations in Latin America

Wednesday, September 16, 2020 - 5:02pm

Delivery Hero strengthens its position in Latin America, adding Peru, Ecuador, Costa Rica, Honduras and Guatemala to its current footprint, and further expanding its existing operations in Argentina, Panama and the Dominican Republic

Key Points: 
  • Delivery Hero strengthens its position in Latin America, adding Peru, Ecuador, Costa Rica, Honduras and Guatemala to its current footprint, and further expanding its existing operations in Argentina, Panama and the Dominican Republic
    Berlin, 16 September 2020 - Delivery Hero SE ("Delivery Hero"), the world's leading local delivery platform, today announced it was entering into an agreement with Glovo, an on-demand delivery start-up, to acquire its operations in Latin America for up to EUR 230 million, including a EUR 60 million performance-based earn-out.
  • Out of these countries, Delivery Hero is already present in Argentina, Panama and the Dominican Republic, and the newly acquired assets in these markets will be transferred to Delivery Hero at closing.
  • With the acquisition of Glovo's operations in Peru, Ecuador, Costa Rica, Honduras and Guatemala, Delivery Hero adds five new countries to its Latin American footprint.
  • Niklas stberg, CEO and Co-Founder of Delivery Hero, said: "Latin America is a region with exceptional growth potential for online delivery.

Smart Fit opens its first gym in El Salvador

Wednesday, February 12, 2020 - 12:00pm

"Opening up our new gym underlines Smart Fit's strategy to continue growing in regions that are not being served, offering a top-rate gym at a price that is affordable for all Salvadorans," said Edgard Corona, founder and president of Smart Fit.

Key Points: 
  • "Opening up our new gym underlines Smart Fit's strategy to continue growing in regions that are not being served, offering a top-rate gym at a price that is affordable for all Salvadorans," said Edgard Corona, founder and president of Smart Fit.
  • With El Salvador, Smart Fit is now in 12 countries.They are:Argentina, Brazil, Chile, Colombia, Ecuador, El Salvador, Guatemala, Mexico, Panama, Paraguay, Peru and the Dominican Republic.The expectation is to maintain the pace of new gym openings, and to continue investing in Latin American countries that are ripe for investment.
  • According to Andr Pezeta, vice president of Smart Fit's Latin America division, the brand has ambitious expansion plans.
  • With 10 years in operation, the Smart Fit gym network, which owns the brands Bio Ritmo, Smart Fit and 02, has more than 700 gyms located in all states in Brazil and in the Federal District.