halduns / iStockphoto.com
Australia-based Dreamscape Networks, a provider of domain name, hosting and technology solutions, will pay A$8.5 billion ($6.3 billion) to acquire a domain name registrar.
Dreamscape, which owns Australian domain provider Crazy Domains, announced the acquisition of Domain Name Registrar (DNR) yesterday, June 19.
DNR’s main focus is domain registration and web hosting, with approximately 80% of its business coming from domain registration and 20% from hosting.
This is Dreamscape’s fourth acquisition in the past 16 months, continuing what the provider calls a “strong strategic rationale of consolidating local domain and hosting businesses”.
Dreamscape will acquire the customers, systems and brand assets of DNR, and expects the integration to be completed by September 30, 2018.
Mark Evans, CEO and managing director of Dreamscape, said: “The acquisition of DNR allows us to further consolidate our .au domain position in the Australian market.”
The .au domain is used in Australia.
mergers and acquisitions, Dreamscape Networks, Domain Name Registrar, domain names, domain registrar