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Natro, a hosting provider in Turkey has been now acquired by the Belgian digital enabler team.blue. The merger includes Combell Group, TransIP and Register Group. A related announcement was officially posted on team.blue’s website on the 19th of June.
The acquisition is a wish come true for team.blue. With the deal made, the European digital enabler aims to increase its presence in the quickly-growing Turkish region.
Natro is a veteran hosting provider, founded in 1999. It offers domain names, web hosting solutions, e-mail, virtual servers and security solutions. With more than 120,000 customers and 500,000 domain names registered, it holds the leading spots across a variety of market shares.
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It is estimated that the Turkish webhosting and application segment has the potential of having 80 Million clients. Experts say that Natro is located in a promising environment and expected to have excellent growth.
Jonas Dhaenens, the CEO of team.blue stated the following:
It is refreshing to see how Natro’s vision connects perfectly to what we are accomplishing in the whole of team.blue. Offering easy to use and reliable digital tools for businesses in Turkey is at the heart of Natro’s mission. I’m excited to welcome the 70+ new colleagues that are delivering on this promise for the Natro customers every day.
In response, the founders of Natro, Tolga Kabakci and Hüseyin Caymaz, had this to say:
For us as the founders of Natro, it was really important to put our life’s work into good hands. team.blue is one of the leading European hosters, led by entrepreneurs just like us, and therefore it was the ideal partner for this big decision. It was a good fit right from beginning and a trustful, fair and respectful atmosphere until the end.
The current CEO of Natro Nedim Mitrani will continue to lead the current management team responsible for overseein 70+ emplyees at the headquarters in Istanbul.
Team.blue will acquire 100% of Natro shares from its current owners. The sellers were advised by Odin Financial advisors. No further financial details will be disclosed as stated on the website of team.blue.