Turkey’s leading hosting startup acquired by Danish competitor
Team.blue, a Danish hosting company, announced to Natro, a Turkish hosting business. team.blue will acquire 100% of the Natro shares from its current owners, Tolga Kabakçı and Hüseyin Caymaz. Natro has 70 employees in the Instanbul office will continue to operate under the leadership of the current management team, led by CEO Nedim Mitrani.
Team.blue has a sales of €275 million
Founded in 1999, Natro has a comprehensive product range that includes domain names, web hosting solutions, e-mail, virtual servers and various security solutions. With over 120.000 customers and 500K+ domain names registered, it holds leading positions across multiple market segments.
Team.blue is founded in 2000 and is an investment of Hg Capital. Having a sales of Euro 275 million, team.blue owns nine brands including Combell, TransIP, Register Group, UnoEuro, Hosting Ireland, DanDomain and Simply.
Financial terms of the transaction have not been disclosed.
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