Ahold Delhaize announces that Cycloon and bol.com receive

Zaandam, The Netherlands, May 2, 2022 – Ahold Delhaize announces today that bol.com, its online retailer in the Benelux, and delivery expert Cycloon have finalized the transaction for a strategic partnership in which bol.com has become the majority shareholder of Cycloon. The Dutch Consumer and Market Authority has approved this transaction. Bol.com and Cycloon can now work on the first joint delivery of a bol.com package, which is expected to take place in the second half of this year. The parties want to accelerate the growth of Cycloon together and share the ambition to make delivery more sustainable and social. The current management team of Cycloon will be maintained and the existing shareholders of Cycloon will remain involved as such.

The partnership with bol.com allows Cycloon to significantly accelerate its mission of green and social delivery, creating a long-lasting position with strong growth opportunities in a competitive market. For bol.com and its business partners, the majority stake will ensure a greater proportion of parcels that can be delivered by bicycle and will allow the online sales platform to offer customers an even better delivery service.

Green and social
Management and shareholders remain fully committed to Cycloon’s social culture and its enduring mission to grow the organization and create new jobs. With its nationwide network of bicycle couriers and couriers, Cycloon delivers mail and parcels to thousands of customers across the Netherlands. As a result, the company already saves 1,600 tons of CO2 per year. 600 people far from the labor market (previously) are employed in the company. Cycloon will continue to deliver mail and packages for current and new customers, in addition to delivering packages for bol.com. This applies both to the packaging of bol.com itself and to the packaging of business partners who stock their products in bol.com’s distribution centers.

Under the terms of the transaction, bol.com will acquire the remaining shares in four years, subject to approval by the relevant competition authority. The parties intend to continue to operate Cycloon as an independent brand.

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Caution notice
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About Cycloon
Cycloon, is the green and social delivery expert from the Netherlands. Cycloon’s mission is to evolve the delivery market to become greener and more social. From this mission, Cycloon launched a nationwide bicycle courier platform in 2016 and now delivers to over 75 cities. Thus, a nationwide parcel service with around 800 bicycle couriers became a reality. In addition, Cycloon employs 600 postal workers far from the job market.

About bol.com
In 1999 bol.com was founded in the Netherlands on a construction site in Vianen. Bol.com was the first online bookstore in Europe. More than 20 years later, bol.com is one of the largest online retail platforms in Belgium and the Netherlands with a range of over 41 million products in dozens of product categories, with an emphasis on non-food items. Bol.com aims to provide its customers with convenience, reliability and choice, anytime, anywhere. The platform does this with 49,000 local entrepreneurs who sell via bol.com to 13 million Dutch and Belgian customers. Bol.com believes in the power of collaboration, because only with its business partners can bol.com provide its customers with the best shopping experience. As “a store for all of us”, bol.com should be accessible to everyone. Bol.com wants to do better every day: from packing and delivering as cheaply as possible to using 100% wind and solar energy in its buildings. Working with a network of suppliers, business partners, colleagues and millions of customers, bol.com aims to make sustainable living easier. With its sustainable assortment, bol.com wants to help customers make a conscious choice and the platform wants to reduce CO2 emissions per parcel as much as possible. The remaining emissions will be offset. For the 49,000 business partners who sell through the platform, bol.com also offsets operational emissions. From 2022, bol.com will be climate neutral according to the Climate Neutral Certification standard. Bol.com has more than 2,600 employees, who work at the head office in Utrecht, the Netherlands. Since 2012, bol.com has been part of Ahold Delhaize. For more information and news about bol.com, go to pers.bol.com.

About Ahold Delhaize
Ahold Delhaize is one of the largest food retail groups in the world and a leader in both retail and e-commerce. Its family of leading local brands serves 55 million customers each week, in-store and online, in the United States, Europe and Indonesia. Together, these brands employ more than 413,000 people in 7,452 grocery and specialty stores and include the leading online retailer in the Benelux and leading online grocers in the Benelux and the United States. Ahold Delhaize brands are at the forefront of sustainable distribution, source responsibly, support local communities and help customers make healthier choices. The company’s focus on four growth drivers – driving omnichannel growth, raising healthy and sustainable standards, cultivating top talent and building operational excellence – helps it fulfill its purpose, achieve its vision and to prepare its brands and its activities for tomorrow. Based in Zaandam, the Netherlands, Ahold Delhaize is listed on the Euronext Amsterdam and Brussels stock exchanges (ticker: AD) and its American Depositary Receipts are traded on the over-the-counter market in the United States and listed on the international market OTCQX (symbol: ADRNY). For more information, visit: www.aholddelhaize.com.

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