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Announced

Leaseweb to acquire iWeb from INAP.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Data Centers and Hosting

internet services

Private

Acquisition

Single Bidder

Canada

Majority

hosting services

Friendly

Cross Border

Synopsis

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Leaseweb, an infrastructure as a service provider, agreed to acquire iWeb, a provider of the on-demand server and cloud infrastructure, from INAP, a global provider of performance-driven, secure hybrid infrastructure solutions. Financial terms were not disclosed. “We have followed the development of iWeb with great interest for a number of years, and as a business with very similar DNA to our own, we know they will bring a wide range of complementary services and skills to our presence in Canada. They live and breathe hosting, have a deep understanding of the requirements of Canadian customers, and we’re delighted to welcome them to the Leaseweb team," Con Zwinkels, Leaseweb CEO.

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