GO54: HOSTAFRICA Plans Strategic Acquisition in Nigeria
Deal News | Jan 06, 2025 | EIN
HOSTAFRICA, a key player in Africa's digital landscape since its founding in 2016, has announced plans to acquire Nigerian web hosting firm GO54. Founded by Michael Osterloh and two colleagues, HOSTAFRICA has rapidly established itself across the continent, offering a range of hosting solutions to over 70,000 customers. The company's expansion efforts, including entries into the Nigerian and Kenyan markets, reinforce its commitment to fostering digital opportunities across Africa. Recognized for top-tier customer service, HOSTAFRICA has garnered a 4.9 out of 5 rating on the review platform HelloPeter. This acquisition represents a strategic move to further bolster its presence in the African digital market.
Sectors
- Web Hosting
- Digital Services
Geography
- Africa – HOSTAFRICA operates across the continent and has expanded into Nigeria and Kenya.
- Nigeria – The target company, GO54, is a Nigerian web hosting firm, making Nigeria a focal market for this expansion.
Industry
- Web Hosting – The article discusses HOSTAFRICA's services offering web hosting solutions, including websites, e-commerce, and VPS services.
- Digital Services – The article highlights HOSTAFRICA's role in providing digital opportunities for entrepreneurs across Africa.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| HOSTAFRICA | Bidding Company | Company | A web hosting company founded in 2016, providing hosting solutions to over 70,000 customers across Africa. |
| GO54 | Target | Company | A Nigerian web hosting firm being acquired by HOSTAFRICA. |
| Michael Osterloh | Founder | Person | One of the founders of HOSTAFRICA. |