Polish hosting and tech company cyber_Folks has announced the acquisition of Hosterion, a Romanian web hosting provider. The transaction is worth €6.7 million (around 29 million PLN), with €5.5 million already paid and two remaining payments of €600,000 each scheduled over the next year.

“We are consistently building our position as a technology leader for e-commerce in Central and Eastern Europe. The acquisition of Hosterion, just like the earlier investment in Shoper, is another step in executing this strategy. Thanks to this transaction, we are strengthening our position in the Romanian market even further. We are focusing on a region we know well and where we can achieve the scale needed to compete effectively. Our advantage is based on three pillars: scale, technology, and synergy. We are creating a unique ecosystem that combines hosting infrastructure, e-commerce platforms, and advanced marketing and integration tools — something no one else in the region currently offers” said Jakub Dwernicki, CEO of cyber_Folks.

Bron: https://www.stockwatch.pl/wiadomosci...n,akcje,351078