Australian TPP Wholesale acquired by CentralNic

Digital Pandit

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CentralNic Group PLC (AIM: CNIC) announces it has entered into a conditional agreement to acquire the Sydney-based business TPP Wholesale that claims to be the leading Australian and New Zealand platform for resellers of domain names and hosting in Australasia for a headline consideration of $24m AUD.

About TPP Wholesale

TTP Wholesale is a carve out of certain trade and assets from ARQ Group Limited (ASX: ARQ) (“ARQ”), a company listed on the Australian Securities Exchange. The acquisition is the next step in CentralNic’s strategy as a rapidly growing global consolidator in the recurring revenue domain name industry.

TPP Wholesale is Australasia’s leading domain name and hosting reseller platform business with around 14,000 reseller customers and 840,000 domains under management, including 19% of all registrations.

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