Natro acquisition launches team.blue in Turkey
Natro, a leading Turkish hosting provider, is joining team.blue. Its vision to offer easily accessible, best in class innovative internet services with a stellar customer experience, is an excellent fit with team.blue's vision. With the acquisition, team.blue is expanding its footprint to the fast growing Turkish region.
Founded in 1999, Natro is one of Turkey's leading hosting providers. It has a comprehensive product range that includes domain names, web hosting solutions, email, virtual servers and various security solutions. With over 120.000 customers and 500K+ domain names registered, it holds leading positions across multiple market segments.
The Turkish webhosting and application segment has over 80M potential customers. Over the past years, it has made good progress and offers excellent growth potential in a promising environment.
team.blue will acquire 100% of the Natro shares from its current owners. The company of 70 employees in the Instanbul office will continue to operate under the leadership of the current management team, led by CEO Nedim Mitrani. Together with team.blue, Natro will continue to pursue its ambitious plans for further expansion in the area.
It is refreshing to see how Natro's vision connects perfectly to what we are accomplishing in the whole of team.blue. Offering easy to use and reliable digital tools for businesses in Turkey is at the heart of Natro's mission. I'm excited to welcome the 70+ new colleagues that are delivering on this promise for the Natro customers every day.
For us as the founders of Natro, it was really important to put our life’s work into good hands. team.blue is one of the leading European hosters, led by entrepreneurs just like us, and therefore it was the ideal partner for this big decision. It was a good fit right from beginning and a trustful, fair and respectful atmosphere until the end.
I'm excited about the possibilities of Natro joining team.blue. Now backed by one of the largest European hosters, Natro will continue to amaze customers with its products and aim for even higher growth in the Turkish segment. This is a new chapter in Natro's success story!
The sellers were adviced by Odin Financial advisors. No further financial details about this transaction will be made available.
Jimmy Cappaert (Belgium)
Tom De Bast (Belgium)
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team.blue is a leading digital enabler for companies and entrepreneurs across Europe (Belgium, Bulgaria, Czech Republic, Denmark, France, Greece, Ireland, Italy, the Netherlands, Portugal, Spain, Sweden, Switzerland, Turkey and the UK). The business has more than 2.5 million customers and is a one-stop partner for web hosting, domains, e-commerce and application solutions, with more than 1,800 experts to support. team.blue’s goal is to shape technology and to empower businesses with innovative digital services.