Acquisition Dutch online backup company

• The acquired company is a small online backup company located in the Netherlands
• The company that was bought has revenues of less than 2 million EUR
• The buyer is an international online backup group that buys online backup companies
• CFIE business acquisition input: The CFIE M&A team member, Govert Derks contacted the target company and did the first screening of the company. This acquisition is an important addition to the acquirer’s group of companies. The online backup buyer is looking to grow via the purchase of online backup portfolios globally.

The acquired company focuses on online cloud backup and other related IT services. The online backup portfolio has been built up over a long period of time. The owners wanted 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 backup company that is run by a group of entrepreneurs. The company 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 perform:

• IaaS (infrastructure as a service)
• Online back-up
• Secure file sharing
• Other cloud-related services

The CFIE M&A team helps buyers in acquisitions. In this case, the work done is mainly upfront. The work consists of sourcing the right targets for an acquisition. CFIE communicates with the targets and convinces business owners that it is a good decision to grow further with a strong strategic partner. Govert Derks spoke to the online backup company and explained the buyer’s strategy. After initiating talks and negotiations between the online backup target company and the buyer, CFIE facilitated contact with the online backup buyer. The buyer had practical experience in the process of acquisitions of international online backup companies and worked independently on the further process.

• Both companies are active in the online backup industry and the growth of the online backup company can be quicker with the support of the new buyer
• The target company has a focus on cloud-related activities and will be growing its services portfolio
• The international online backup buyer can invest further in the client support

Feel free to contact us for further details about this online backup acquisition. If you are looking for acquisitions or business sales of online backup companies in other European countries, do contact us. We know many online backup 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 backup acquisitions or business sales.