CentralNic and KeyDrive in merger talks
Source: Domain Incite, March 14, 2018. http://domainincite.com/22710-centralnic-and-keydrive-in-merger-talks
CentralNic and KeyDrive, two major European domain firms, are in merger talks, CentralNic confirmed this morning.
CentralNic said that the transaction, should it close, would be a “reverse takeover” of itself by KeyDrive.
That’s where a private company, in this case KeyDrive, reverses into a public one, in this case AIM-listed CentralNic.
Luxembourg-based KeyDrive is the holding company for brands including the registrars Key-Systems, Moniker and BrandShelter and the registries OpenRegistry and KSRegistry.
London-based CentralNic is a registry provider for the likes of .xyz, recent acquirer of Slovakian TLD .sk, and owner of registrars Internet.bs and Instra.
CentralNic said: “CentralNic and KeyDrive Group believe that the combination of the two businesses would have strong strategic logic and economies of scale, and would represent an opportunity to create a group with advanced technology platforms delivering significant recurring revenues for every major customer type within the industry.”
If a deal should be struck, it would happen in the second quarter, the company said.
The announcement was made today after news of the talks leaked.
Trading in CentralNic shares has been temporarily suspended.