Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
CentralNic Group said it had completed the acquisitions of Hexonet Group and Ideegeo Group.
The company paid €7m with a further deferred payment €3.0 million due on the first anniversary of completion payable in cash or shares to Hexonet, which sells domain name subscriptions directly and via more than a thousand resellers in over 110 countries, managing over 3.8 million domains on its proprietary software platforms.
The company acquired Ideegeo Group for $5.2m NZD, of which $520,000 NZD constituted a deferred payment, held in escrow until May 2021.
For the financial year ended 31 March 2019, Ideegeo's revenues were c.$6.2m NZD with an earnings (EBITDA) of $0.9m NZD.