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Announced

Completed

EdgeNext completed the acquisition of the overseas business from ChinaCache.

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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Majority

Completed

IT Services: Other

Friendly

China

Acquisition

Single Bidder

Cross Border

Private

it services

Synopsis

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EdgeNext, a cloud service provider, completed the acquisition of the overseas business from ChinaCache, a provider of Internet content. Financial terms were not disclosed. ‘’We are delighted to complete the strategic acquisition of ChinaCache’s overseas business as part of our plan to expand and invest in our International Cloud Delivery Business. We are excited to welcome ChinaCache customers and employees to the EdgeNext family. With this transaction fulfilled, EdgeNext strengthens its complete product portfolio and enhances its cloud delivery business to be one of largest edge cloud service providers specializing in APAC, China, and Middle East content delivery services," Robert Sha, EdgeNext CEO.

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