CentralNic Group PLC (AIM:CNIC) has acquired the domain name and brand protection business trading as NameAction for around US$1mln in cash from NameAction Inc.
The AIM-listed global internet company said the NameAction business is expected to contribute roughly US$2mln in recurring revenue to CentralNic and some US$200,000 in adjusted underlying earnings (EBITDA) to its online presence business segment.
“While this acquisition is relatively small, it will be immediately earnings accretive and of strategic importance. NameAction is one of the best-known brands in the Latin American domain name industry, and their experienced staff represent an ideal team of experts to form a base for CentralNic's expansion in the region, across our many products and channels,” said Ben Crawford, the chief executive officer of CentralNic.CentralNic Group