The acquired company focusses on online cloud back-up and other related IT services. The online back-up portfolio has been build up over a long period of time. The owners want to grow the cloud related business further. They think they can grow cloud related services better with the support of a strong international buyer.
The buyer is a mid-sized international online back-up company that is run by a group of entrepreneurs. The companies plan is to grow a Western European cloud related group of suppliers that is active in cloud related businesses. Here are some of the activities the group wants to be perform:
The CFIE M&A team helps buyers in acquisitions. In this case the work done is mainly upfront. The work consists in sourcing the right targets for an acquisition. CFIE does the communication to targets and convinces business owners that it is a good decision to grow further with a strong strategic partner. Govert Derks has spoken to the online back-up company and has explained the buyers strategy. After initiating the talks and negotiations between the online back-up target company and the buyer CFIE facilitated the contact to the online back-up buyer. The buyer has practical experience in the process of acquisitions of international online back-up companies and worked independently on the further process.
Feel free to contact us for further details about this online back-up acquisition. If you are looking for acquisitions or business sales of online back-up companies in other European countries it is also good to contact us. We know many online back-up targets across Europe and some of these could be open for a sale. Please get in touch via the contact form at the right side of this page so we can explain how we can help you in the area of online back-up acquisitions or business sales.