Gorillas has finalised the acquisition of French delivery company Frichti.
The closing of the acquisition comes just over a month after both companies entered into exclusive discussion to join forces.
The pairing of Gorilla’s “rapidly scaling operations” with Frichti’s “deep technological and operational expertise” will send a “strong signal” to the European market, both companies stated in a press release.
Frichti delivers fresh groceries, private label products and ready-to-eat meals to over 450,000 customers in eight cities across France and Belgium, and is one of the first companies in the young industry to have reached profitable operations.
READ MORE: Gorillas ties up with Jumbo Supermarkten
“By joining forces with Frichti, we have an opportunity to reinvent the future of commerce by giving millions of customers immediate access to fresh and high-quality local products,” Gorillas founder and chief executive Kagan Sümer said.
“We have a strong business fit with the Frichti team, and most importantly, we have a mutual understanding of values and an incredible alignment in terms of vision. Together, we will further increase our path to profitability and generate significant value for all of our stakeholders.”
Frichti co-founder and co-chief executive Julia Bijaoui added: “Over the past six year, we have been committed to help people eat and live well through sustainable and positive consumption.”
“Thanks to our incredible team, we have never lost sight of this mission and developed numerous initiatives to drive change in the grocery retail industry. With Gorillas, we have found the perfect partner to scale this ambition globally.”
