French registrar Gandi and Dutch registrar holding group Total Webhosting Solutions have announced they have merged to form a new company, Your.Online.
The combined entity says it has a million customers, revenue of €175 million ($183 million), and 600 employees.
Your.Online will operate eight brands, mostly in hosting. Gandi will remain as an independent brand under the new corporate umbrella. The TWS brand appears to have been retired.
Financial terms of the deal between the two private companies were not disclosed.
Gandi founder Stephan Ramoin will become the group’s non-executive chairman of the firm’s advisory board. Your.Online is helmed by Abe Bakker
I think today might be the first time in 25 years of reporting that I’ve seen the word “bullshit” in a press release.