DOMINION HOSTING HOLDING S.P.A. Milan, 26 January 2023. DHH S.p.A. ("DHH" or the "Company") (DHH.MI | WDHH21.MI) (ISIN shares IT0005203622) announces that Tophost Srl, its fully-owned subsidiary focused on providing professional users with high-quality cloud hosting products at the best market price, acquired all the assets of the competitor Misterdomain (https://misterdomain.eu/).
Misterdomain was founded in 2007 and is one of the historical players in the Italian web hosting market, with more than 10.000 customers, 31.000 domains under management, and a turnover of ca. 500k EUR.
Misterdomain will be fully integrated into Tophost after the transaction.
The transaction value is 700k EUR, paid entirely in cash at closing.
Antonio Baldassarra, CEO of DHH, comments: "We are very happy with this deal, which is the first one carried out by Tophost. The acquisition of Misterdomain is a good example of the kind of support that DHH provides to the portfolio companies, helping them to scale on the market not only organically but also by M&A. It's also an example of how our M&A strategy works in practice. On the one hand, we acquire "local platform companies", leaving them independent and autonomous, with their own brand, team, and operations. On the other hand, we support them in consolidating the market by acquiring competitors and directly integrating them into the company."
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DHH - Dominion Hosting Holding S.p.A. published this content on 26 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2023 08:12:05 UTC.
