Webcentral Limited (ASX:WCG) announces that it has acquired New Domain Services, a premium domain email and webhosting services business with 25,000 customers.
Acquisition highlights:
• Normalised Revenue of $2M and EBITDA of $1.2M p.a.
• Acquisition price of $5M payable $3.5M on completion and
up to $1.5M payable within 12 months after completion
• Purchase funded from operating cash and existing
debt facilities
• New Domain will be integrated with Webcentral’s Melbourne
IT business and New Domain vendor Jonathan Horne will be
appointed CEO of the Melbourne IT division to drive growth in
corporate domains services
• Completion of the acquisition is expected by mid-
December 2022
read more
Acquisition highlights:
• Normalised Revenue of $2M and EBITDA of $1.2M p.a.
• Acquisition price of $5M payable $3.5M on completion and
up to $1.5M payable within 12 months after completion
• Purchase funded from operating cash and existing
debt facilities
• New Domain will be integrated with Webcentral’s Melbourne
IT business and New Domain vendor Jonathan Horne will be
appointed CEO of the Melbourne IT division to drive growth in
corporate domains services
• Completion of the acquisition is expected by mid-
December 2022
read more
