GESSEL advises the R22 Group on acquisitions in Romania
GESSEL provided comprehensive legal advice to the R22 Group on its acquisition of three hosting entities in Romania – Gazduire Web, mxHost and xServers. Consequent to these take-overs, to the aggregate value of EUR 5.3 mln, the R22 Group is poised to command over 15% of the internet hosting and domains market.
Our firm’s services included, in particular, drafting of the transaction documentation, negotiations and support at closing.
The R22 holding group comprises a dynamically developing association of tech companies at the cutting edge of e-commerce. The group has adopted a focus on scalable services offered on a subscription basis and in accordance with the SaaS (Software as a Service) model. Various R22 companies are active all along the value chain, creating original solutions, implementing them in their technological aspects, selling and delivering after-sales service to customers.