German group Delivery Hero has agreed to sell assets in 14 markets, including the Glovo business in Romania, to US private equity firm SSW Partners for approximately €1.4 billion, according to data analyzed by Profit.ro. The move comes as Uber Technologies launched a takeover offer for Delivery Hero worth €12.95 billion, but the Romanian market is explicitly excluded from Uber’s ownership to avoid regulatory antitrust hurdles.
The transaction with SSW Partners is conditional on the completion of Uber’s offer and includes Glovo’s operations in Romania, Spain, Portugal, Poland, and the Republic of Moldova, as well as assets in Austria, the Czech Republic, Norway, Sweden, Greece, Cyprus, Chile, Ecuador, and Turkey. The New York firm, led by partners Josh Steiner and Antonio Weiss, intends to support local management and seek long-term buyers for these businesses. SSW Partners has extensive experience, with a portfolio including the acquisition of Veoneer for €4.03 billion and the purchase of ESR Group for €6.21 billion. As part of the global offer of €41.50 per share launched by Uber, Prosus (owner of eMAG and OLX) agreed to sell its 16.8% stake in Delivery Hero, allowing Uber to take over operations in 50 markets. Glovo entered Romania in May 2018, a transaction first reported by Profit.ro, and local revenues exceeded €135.54 million, closing the latest year with a turnover of €135.96 million (a 38% increase), while profit doubled in 2025.
Frequently Asked Questions
Who will acquire the Glovo business in Romania?
The Glovo business in Romania will be acquired by US private equity firm SSW Partners, as it was explicitly excluded from the Uber takeover.
Why is Uber not acquiring Glovo’s operations in Romania?
The Romanian market was excluded from Uber’s acquisition to avoid potential regulatory bottlenecks and antitrust issues.
What is the value of the transaction with SSW Partners?
The sale of Delivery Hero assets across 14 markets, including Romania, to SSW Partners is valued at approximately €1.4 billion.