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Takeaway Restaurants ' preferred software provider - Online Ordering , Payment and Marketing solutions ORDER YOYO OrderYOYO enters the German market ahead of plan Company Announcement No. 8-2021 OrderYOYO A / S Inside Information Copenhagen , August 20 , 2021 OrderYOYO Deutschland GmbH , a subsidiary of OrderYOYO A / S , has today acquired the German white - label software online ordering company Happz in an asset deal - which means that OrderYOYO is entering the German market 6 months ahead of plan . As presented in the Company Description dated 11 June 2021 , OrderYOYO has previously disclosed that it planned to initiate the market expansion into Germany in H1 2022 . Germany holds the largest potential for OrderYOYO outside the geographies where OrderYOYO is already present and therefore a natural choice as the next market to enter . With more than 24,000 takeaway restaurants with own delivery , the German market is a natural next step for OrderYOYO . The market dynamics , the online penetration and the digital takeaway matureness is very similar to OrderYOYO's current markets and the closeness to both Copenhagen and Manchester - our two headquarters - makes Germany a perfect match for OrderYOYO's value proposition to the local independent takeaway restaurant . The business plan for Germany has originally been based on an organic market entry , however , the opportunity to enter Germany ahead of time with the strategic acquisition of Happz emerged during the summer of 2021 . Søren Gammelgaard , CEO of OrderYOYO , comment " We have surveyed Germany as a natural next market to enter for some time . The strategic acquisition of Happz brings these plans forward and will form a strong platform for further penetration of the German market . We are excited to be able to start welcoming German Restaurant Partners to OrderYOYO " says CEO Søren Gammelgaard . Value propositions and commercial considerations Happz shares the same value proposition as OrderYOYO - to liberate the local independent takeaway restaurant owners to regain control of their own business and customers through offering a white - label ordering and payment software solution empowering the local independent takeaway restaurants . Located in Berlin , Happz has developed a strong product with features tailored for the German market and serves today more than 100 Restaurant Partners with their own developed software solution . Even though the takeaway markets across geographies have similarities , every market has local requirements that require adoption . Happz , originated in Germany , has already developed , and perfected these specific needs for Germany . By acquiring Happz , OrderYOYO will get full ownership of OrderYOYO A / S | CVR : 36704608 www.orderyoyo.com