CentralNic buys rest of Melbourne IT’s reseller business for AUD $24 million
CentralNic bulks up in Australia by acquiring carveout of what used to be Melbourne IT. Domain name company CentralNic (London AIM: CNIC) is acquiring TPP Wholesale from ARQ Group Limited (ASX: ARQ), formerly known as Melbourne IT. The company will pay total consideration of AUD $24 million (USD $16.6 million). CentralNic will pay AUD $21.3 million up front and the transaction is expected to close by the end of next month pending financing. ARQ Group…
Company integrated two domain businesses funded by bond sale. CentralNic (AIM: CNIC) has completed its acquisition of what was left of the former Melbourne IT’s reseller business. Called TPP Wholesale, the division includes a strong reseller base in the Australasia region. CentralNic paid AUD $24 million for the business. Tucows…
Domain company continues to consolidate the domain industry. Fresh off a bond issue of €50 million, domain name company CentralNic (London AIM: CNIC) is acquiring domain name registrar Hexonet for €10 million. Hexonet is a reseller platform and also retail registrar with 3.8 million domains under management. It had €16.5…
Company closes Hexonet transaction and buys one of its resellers. Domain name company CentralNic (AIM: CNIC) has completed its acquisition of Hexonet, and scooped up one of its resellers for another NZD $5.2 million (USD $3.4m). It’s noteworthy that the company paid €10 million to acquire Hexonet and then secured…