HostAfrica to Acquire GO54, Expanding Nigerian Market Presence
Deal News | Dec 20, 2024 | EIN
HostAfrica, a notable player in the African web hosting market, is set to acquire the assets of GO54, a leading Nigerian web hosting firm. This strategic acquisition serves to enhance HostAfrica's service offerings and increase its market footprint in Nigeria, leveraging over 100,000 domains that GO54 currently manages. The acquisition is poised to bring advanced hosting solutions to GO54's clientele while integrating their local expertise and infrastructure. Michael Osterloh, CEO of HostAfrica, anticipates a robust collaboration with GO54's management to enhance their collective relevance to Nigerian customers. The transaction is set to close by January 2025, subject to certain conditions and regulatory clearances. Since its founding in 2016, HostAfrica has grown rapidly, expanding to Nigeria in 2021 and Kenya in 2022, focusing on providing digital services across Africa with a strong reputation for customer service excellence.
Sectors
- Web Hosting and Internet Services
- Technology
Geography
- Nigeria – The target company, GO54, operates primarily in Nigeria, which is a major technology and web hosting market in Africa.
- South Africa – HostAfrica, based in South Africa, is expanding its operations across the African continent, with a notable presence in Nigeria since 2021.
Industry
- Web Hosting and Internet Services – This industry focuses on services that provide hosting solutions for digital content and websites. Both HostAfrica and GO54 operate within this domain, providing web hosting solutions across the African continent.
- Technology – The broader technology industry encompasses IT services, which include web hosting. The strategic acquisition by HostAfrica is indicative of the technological expansion within Africa.
Financials
- Over 100,000 – The number of domains managed by GO54, indicating its significant market presence in Nigeria.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| HostAfrica | Acquiring Company | Company | HostAfrica is a leading web hosting provider in Africa, founded in 2016 and swiftly gaining presence in multiple African countries. |
| GO54 | Target Company | Company | GO54, rebranded from WhoGoHost, is a principal web hosting provider in Nigeria managing over 100,000 domains. |
| Michael Osterloh | CEO of HostAfrica | Person | CEO of HostAfrica and one of its founding members; he plays a key role in expanding the company's footprint in Africa. |