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 million revenue last year and an EBITDA of €0.8m.
The company has offices in Germany and Vancouver, Canada. Hexonet CEO Jens Wagner and CMO Tony Kim will join CentralNic as part of the deal.
CentralNic will pay €7 million cash up front and then €3 million in cash or equity on the first anniversary of the deal.