group.one acquires Slovak web hosting company Webglobe

group.one, a provider of digital services and cloud hosting, has announced the acquisition of a 100% stake in the Bratislava-based Webglobe, the web hosting company. The sellers are Webglobe founder Igor Strečko and investment fund from the portfolio of Sandberg Capital.

  • Webglobe was co-founded in 1999 by Igor Strečko and Juraj Hanták. Now, it manages almost 300,000 registered domains belonging to almost 100,000 clients a nd registers approximately 10% of national domains in Slovakia, the Czech Republic and Serbia. Webglobe offers a wide range of products from domains and web hosting to marketing and security tools for digital business of small and medium-sized businesses.

The deal details:

group.one headquartered in Sweden with offices in 12 countries. It serves over 2 million customers, predominantly small- and medium-size enterprises and provides digital solutions such as Software as a Service and Hosting. The company has grown its revenues to over €300 million in the financial year ending 30th September 2023.

The CEE region is a vibrant space offering immense potential for providing digital solutions to small businesses. This strategic acquisition aligns perfectly with our growth ambitions. With Webglobe’s strong position in the region and talented team, we are confident in our ability to accelerate growth and innovation in this dynamic region,

Daniel Hagemeier, CEO of group.one, commented.

The sellers are Webglobe founder Igor Strečko and investment fund from the portfolio of Sandberg Capital, a Slovak private equity firm established in 2014. It focuses on small and medium-sized companies in the sectors of IT, telecommunications, agriculture, education, and retail. Sandberg Capital manages more than €340 million on behalf of private and institutional investors.

Advisors on the transaction on the seller side were investment bank Raymond James, law firms Barger Prekop (Slovakia); Kocián, Šolc, Balaštík (Czechia); and Moravčević, Vojnovič and partners (Serbia) and financial advisor BDO. The deal amount was undisclosed.

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