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Delivery Hero Acquires Foodpanda in Sought after Food Delivery Market

Delivery Hero Acquires Foodpanda

Berlin based Delivery Hero Company Acquires Foodpanda to provide services throughout world. Delivery hero is one of the biggest Europe start up company, now it is acquiring its competitor Foodpanda.

Delivery Hero, which has valued EUR 2.89 billion in the last year, on Saturday they said it signed a definitive agreement to buy Foodpanda, itself a Berlin-based start-up company

Delivery hero is online food operating service operating in 33 countries. Foodpanda is also one of the largest online food services which are providing their services in five continents. Recently Delivery hero acquires Foodpanda and created a sensation in food delivery market.

Now, order food through Facebook directly. Also you can book tickets for movies as well as events

Delivery Hero and Foodpanda are both backed by German e-commerce firm Rocket Internet, which invested EUR 800 million in Delivery Hero last year and gains 49.1 percent in Foodpanda and focus on deliveries in Eastern Europe, in the Middle East and Asia.

Delivery Hero said the acquisition would be funded by issuing new shares, with major shareholder Rocket increasing its stake by 1.1 percentages to 37.7 percent.

Based on Delivery Hero’s last year valuation, the sales value of Rocket’s stake in Foodpanda may be EUR 31.8 million.

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Foodpanda takes 2 million monthly food orders internationally and Delivery Hero takes 18 million orders per month. After combining and overlapping businesses, Delivery Hero expects to be active in 47 countries.

“I am delighted to join forces with Delivery Hero and be part of a global platform that will help us grow and with which we share a common vision”, foodpanda CEO Ralf Wenzel said on the development.

Mercedes-Benz Concept X-Class Unveiled Stylish Explorer and Powerful Adventurer Trucks

Mercedes-Benz Concept X-Class

Finally, there is the end of rumors that have been from a long time: the Mercedes-Benz truck. Technically this is called as the Mercedes-Benz Concept X-Class. This truck was revealed in the press release today. This new concept from Mercedes-Benz is showcased with two examples: the stylish explorer and powerful adventurer.

Daimler is now planning to set this truck under the Mercedes-Benz Vans product range and further expanding their options. They were making investments in high towards this new model by the time it gets released.

Volker Mornhinweg, Head of Mercedes-Benz Vans at today’s press release says “We will open up and change the segment of mid-size pickups – with the world’s first real premium pickup for the modern urban lifestyle.”

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“Our future Mercedes X-Class will be a truck that knows no compromise. Ladder-type frame, permanent all-wheel drive and high-torque six-cylinder engine are now compulsory for us. As an added value we bring safety, agility, comfort, and expressive design. In other words, everything that distinguishes vehicles bearing the Mercedes star. We will thus appeal to new customers who have not considered owning a pickup before.” He added

The new Concept X-Class features with the powerful engine, high ride comfort, and top-notch safety.

The powerful adventurer is the example for the X-Class is Mercedes-Benz’s take on the rugged or rough off-road truck. The truck comes in the height of 1.9 meters and 35×11.50 inch tires, and it has plenty of presence. This vehicle is with the rugged appearance, and this is with the electric pulley in the front and rear at the underride guards. It has carbon wheel arches and much more.

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Another variant the stylish explorer is the version much more streamlined and elegant than the off-road-ish truck. This truck on the outside is almost similar to the powerful adventure when compared. But you can find the difference with its sleek edges and a futuristic rear light. Including the rugged tires and wheels, this version has large wheels with lower-profile tires.

Mercedes-Benz X-Class will be launching in 2017 in Europe, and it will be produced at the Nissan plant in Barcelona, Spain

Self-Driving Buses Hit the Streets of Helsinki in Finland

Busy streets of Helsinki in Finland takes Autonomous buses

The streets of the Finland have got its fleet of the self driving buses. These driverless buses are seen being driven on the roads in a pilot program. As the technology changes in every corner, these are introduced in the public transportation system in Europe.

As per the legislation in Finland, there is no rule for the vehicle that it can be driven by a driver only. Hence the country can afford to go with this kind of driverless programs. As per the sources Finnish news outlet YLE, the trails will continue till the mid of September month.

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The self driving bus has initiated its maiden journey from Hernesaari district of Helsinki at Finland. These autonomous buses can be seen on the streets of the district providing the transportation facility for the general public. These mini buses are being recognized by the local traffic authority “Trafi” to be on road functioning completely. Currently, the mini and cute Easy Mile bus are being driven in Finland as a test project. Finland is one of the first countries to come up with these robotic mini buses.

As per the reports, there is the contract signed by Dubai in which the authorities of state will allow the Easy Mile to go for Dubai as well. These buses are used as the shuttles for the people who came for the shopping to the Japanese mall. These buses won’t be going for the long journeys as they are designed for the shorter routes. Self driving buses are specifically made to improve the autonomous and robotic driving better for future.

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Hence the information gained by this pilot project will help in providing the best facilities in future. These Robotic buses are a huge part of future public transportation. As per the test drives of this buses these will come soon in future in our daily lives.