OrderYOYO, a leading European online ordering, payment, and marketing software solution provider listed on Nasdaq Nordic, has, through its German subsidiary OrderYOYO Deutschland GmbH, acquired white-label software online ordering company Happz by way of an asset deal. The international law firm Taylor Wessing, led by Munich-based partner Philip Cavaillès, advised OrderYOYO on all German related aspects of the transaction.
With the transaction OrderYOYO has seized the opportunity to enter the German market ahead of the formerly scheduled time. OrderYOYO aims with this acquisition for a liberation and empowerment of local independent takeaway restaurant owners. The company will get full ownership of the technology and product features of Happz, including the product developed by Happz tailored to the specific needs and circumstances of the German market. OrderYOYO will integrate the German software solution into their own Software-as-a-Service (SaaS) and technology solutions.
Upon completion of the transaction, the Happz’ employees and founders will be transitioned to OrderYOYO Deutschland GmbH. The two founders providing strong and innovative product and technology profiles will along with the OrderYOYO-Team establish a development hub in Berlin under the leadership of CTO Ralf Sohl. With the acquisition of Happz OrderYOYO intends to strengthen their market position in Germany to secure future growth.