BERLIN (dpa-AFX) - Delivery Hero has acquired Saudi Arabia-based delivery service Hungerstation. The MDax group acquired the remaining 37 percent of the shares for around $297 million, it announced in Berlin on Friday. Hungerstation is the market leader in Saudi Arabia, according to a company spokeswoman, and operates in Bahrain to a much lesser extent. Delivery Hero also operates the better-known Talabat brand in the Middle East and North Africa region.

Hungerstation increased its revenue by more than a third to 609 million euros last year, according to the group. Of this, more than 50 million euros remained as earnings before interest and taxes (Ebit) adjusted for special effects./ngu/jha/