Wolt has announced its acquisition of the Romanian local commerce platform Tazz, aiming to enhance its presence in Central and Eastern Europe.

Target Overview

Wolt has announced its acquisition of Tazz, a prominent local commerce platform in Romania, as part of its strategic initiative to expand its footprint in Central and Eastern Europe. Based in Helsinki, Wolt aims to close this acquisition in the coming months, pending standard closing conditions and regulatory approvals. Tazz has established itself as a trusted local player, renowned for its strong relationships with consumers and merchants across more than 35 cities in Romania.

Tazz offers a diverse range of services, including fast delivery of food from top restaurants, groceries, and various products such as pharmaceuticals and personal care items. As a member of eMAG’s Genius subscription program, Tazz enhances its customer value proposition with exclusive benefits, including free delivery and access to promotional offers.

Industry Overview in Romania

The local commerce sector in Romania has seen remarkable growth in recent years, fueled by the increasing consumer demand for convenience and speed in delivery services. This growth trajectory has been bolstered by advances in technology and logistics, allowing local