New Strategic Acquisition in the Scandinavian Hosting Industry
March 5, 2018
Combell Group supported by the international private equity fund Waterland has made a strategic acquisition of Surftown. The acquisition consolidates the leading position of Combell in Denmark and adds a strong position in Sweden.
The hosting company Combell (formerly known as Zitcom Group) has acquired Surftown from Cohaesio Group who has been in the IT Outsourcing, hosting and software business since 1996.
The acquisition is part of a growth strategy in the Scandinavian hosting market for Combell and as a result, Surftown will become part of Combell. As a result of this transaction the managed hosting division of Cohaesio will become part of Sentia Group a leading cloud managed service provider active in Denmark, Belgium and the Netherlands. As Sentia and Combell have the same financial backer the collaboration comes natural and will ensure a very smooth path for all customers and employees. Part of the integration plan is rebranding Cohaesio to Sentia in the near future.
The founders and former owners of Cohaesio Group, Morten Felsvang and Frederik Schouboe are pleased to have found the right strategic owner for Surftown and Cohaesio. Going forward, they will both focus their time on the backup solution Keepit.
”It has been fun, exciting and challenging to develop Surftown and Cohaesio and now see them as part of a strong platform. It goes without saying that we’re sad to have to say goodbye to the many talented colleagues, but we also know that the new owner can provide a stronger platform for the continued development of the businesses. We are looking forward to focus 100% on our SaaS backup company Keepit”, both of them says.
Stefan Rosenlund, MD of Combell Scandinavia, is very pleased with the transaction and the possibility to continue the growth in the Scandinavian hosting market and adds:
”We are extremely proud and thrilled to add Surftown to our growing portfolio of hosting brands. In Combell, it is our ambition to become the preferred vendor of small and medium sized business in Europe when they move their business online. With the addition of Surftown, which is known for its excellent support and skilled employees, we have gotten closer to reaching our ambition also because Surftown has a strong position in the Swedish market.”
About Combell and Sentia:
Combell and Sentia are independent companies, but both supported by the international private equity fund Waterland who during the last years have invested heavily in the Danish hosting industry through multiple local acquisitions.
Combell has become the largest mass market hosting company in Scandinavia through the acquisition of Zitcom (home of brands like Unoeuro, Scannet, Wannafind, Curanet) and DanDomain.
With the acquisition of Surftown, Combell Scandinavia employs 160 people and services more than 200.000 private and business customers.
About Surftown and Cohaesio:
Until the acquisition, Surftown and Cohaesio were operated under the same company headquartered in Copenhagen. Surftown is specialized in webhosting, domains and design of home pages. Surftown manages more than 120.000 domains for its 50.000 SMB customers. Cohaesio is specialized in IT Outsourcing for large private and public customers for whom security, reliability and agility is paramount.
The owners of Surftown and Cohaesio were adviced by ABG Sundal Collier (M&A), Kromann Reumert (legal) and PwC (financial).
Waterland, Combell and Sentia were adviced by Accura (legal) and Deloitte Transaction Services (financial due diligence).
Tel: +45 69 10 60 06
For Cohaesio Group:
Tel: +45 27 15 01 60