Wolt acquires Romanian local commerce platform Tazz to expand presence in Central and Eastern Europe

Wolt, the Helsinki-based technology company, has today announced its plan to acquire Tazz, a leading local commerce platform in Romania, from eMAG, a prominent Romanian eCommerce company. The acquisition is expected to close in the next few months, subject to customary closing conditions and regulatory approvals.

“Tazz is a trusted and beloved platform in Romania, known for its local expertise and strong customer relationships,” said Miki Kuusi, CEO of Wolt and Head of DoorDash International. “By combining Tazz’s deep market knowledge with Wolt’s technology and operational excellence, we see great potential to elevate the experience for consumers and merchants across Romania. We’re excited for the deal, and look forward to the journey ahead.” 

After the expected closing, Wolt expects to roll out the Wolt brand and product in Romania. 

“Joining forces with Wolt is an exciting opportunity for Tazz and our customers,” said Alin Serban, CEO of Tazz. “Wolt is globally known for their best-in-class customer experience and their truly local approach. Through this partnership, we can enhance our offerings and provide even greater value not just to our customers, but also our merchants and couriers. We look forward to this new chapter of growth and success.”

Tazz operates in over 35 cities across Romania. In recent years, the platform has grown rapidly with strong selection in restaurant, grocery and retail. Tazz is also a member of eMAG’s prestigious Genius subscription program that provides customers with premium benefits. Wolt and eMAG have struck a partnership that ensures that Tazz customers will be able to enjoy the benefits of the Genius program also going forward.

“Since 2019, eMAG has had the ambition to develop and transform Tazz into a leader in the home delivery segment. Together, we have created a success story that we are very proud of, and today Tazz is ready to take the next step. Tazz will remain part of the Genius program, with great offers and free delivery from restaurants and supermarkets," said Tudor Manea, Group CEO of eMAG.

Miki Kuusi, CEO of Wolt and Head of DoorDash International, added, “Romania is a market with great potential, and we are eager to get to know local communities – and the Romanian cuisine –  better. We’re here to create new opportunities for merchants and couriers, and deliver the exceptional service that Wolt is known for worldwide.”

About Wolt 

Wolt is a Helsinki-based local commerce platform with a mission to create technology that brings joy, simplicity and earnings to the neighborhoods of the world. It connects people looking to order food, groceries and other goods with people interested in selling and delivering them. To enable this, Wolt develops a wide range of technologies from local logistics to retail software and financial solutions – as well as operating its own grocery stores under the Wolt Market brand. Wolt was founded in 2014 and joined forces with DoorDash in 2022. Together, DoorDash and Wolt operate in more than 30 countries today, 28 of which are with the Wolt product and brand.

About Tazz

Tazz is a local fast delivery platform, which offers, just a click away, dishes from the best restaurants in the country, groceries from the main retail players, but also various products: from daily shopping, medicines and flowers, to books, sports equipment, personal care, and beauty products. Tazz customers enjoy exclusive benefits, such as group ordering, culinary events with local chefs and payment with all available meal cards. Part of eMAG Group, Tazz also offers exclusive benefits from Genius subscription: free delivery and access to Genius Deals. As one of the most downloaded applications in Romania, Tazz can be accessed from the Android and iOS mobile applications, but also online at www.tazz.ro, from over 35 cities across the country.

About eMAG

Founded in 2001, eMAG is a pioneer in the online commerce market that has expanded in Romania, Hungary, and Bulgaria with the goal of helping customers across the region save time and money. With a continuously growing range of products offered to customers alongside Marketplace partners, eMAG is the place where anyone can search for and order anything, anytime, anywhere. For more information about eMAG, visit about.emag.ro.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “may,” "aim," “will,” “should,” “expect,” “plan,” "try," “anticipate,” “could,” “would,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential,” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategies, plans, or intentions as well as related to the proposed transaction described in this release (“Transaction”). Forward-looking statements in this release include, but are not limited to, (i) expectations regarding the timing, completion and expected benefits of the proposed Transaction, (ii) plans, objectives and expectations with respect to future operations, stakeholders and the markets or business areas in which we will operate, and (iii) the expected impact of the proposed Transaction on the business of the parties. Our expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks and uncertainties related to: risks and uncertainties related to the Transaction, including the failure to obtain, or delays in obtaining, required regulatory approvals, the failure to satisfy any of the closing conditions to the proposed transaction on a timely basis or at all and costs and expenses associated with failure to close; costs, expenses or difficulties related to the Transaction, including the integration of the relevant business; failure to realize the expected benefits and synergies of the proposed transaction in the expected timeframes or at all; the potential impact of the announcement, pendency or consummation of the proposed transaction on relationships with employees, customers, suppliers and other business partners; the risk of litigation or regulatory actions; inability to retain key personnel; changes in legislation or government regulations affecting us; and economic, financial, social or political conditions that could adversely affect us, or the proposed Transaction. The forward-looking statements contained in this release are also subject to other risks and uncertainties that could cause actual results to differ from the results predicted, including those more fully described in our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2023 and our quarterly reports on Form 10-Q. All forward-looking statements in this release are based on information available to DoorDash and assumptions and beliefs as of the date hereof, and we disclaim any obligation to update any forward-looking statements, except as required by law.