London, Dec 10 (TIWN) Quick grocery delivery platform Getir has announced that it is acquiring its German rival platform Gorillas in a deal that has been reported to be around $1.2 billion.

The Financial Times first reported that Getir has closed the acquisition of its competitor.

"Markets go up and down, but consumers love our service and convenience is here to stay. The super fast grocery delivery industry will steadily grow for many years to come and Getir will lead this category it created 7 years ago," Getir Founder Nazim Salur said in a statement.

Turkey-based Getir didn't disclose financial details for the deal but said in a statement that it "underscores how Getir leads consolidation in this sector."