DHH S.p.A. to acquire Bee Bee Web SA

DHH S.p.A. to acquire Bee Bee Web SA

Dominion Hosting Holding S.p.A. signed an agreement in order to purchase the entire corporate capital of Bee Bee Web SA

Milan, 10 February 2017. In order to further develop its business, Dominion Hosting Holding S.p.A. (“DHH”) (DHH.MI | WDHH21.MI) (ISIN shares IT0005203622 | ISIN warrants IT0005203689), a tech company whose mission is to create the “Internet Platform of the Emerging markets of Europe”, announced today that it has entered into a framework agreement with Mr. Sergio Ravera. By means of said agreement DHH intends to acquire from Mr. Ravera the entire share capital of Bee Bee Web SA, a Swiss company engaged in the business of web hosting. According to the same agreement, DHH will buy also the Italian reseller of Bee Bee Web, in order to make the group presence on the Italian market even stronger.

In particular, DHH will acquire the abovementioned companies for a consideration that includes a payment in cash amounting to Euro 900.000,00 (calculated on a debt free basis) and the transfer of 40.000 DHH’s shares issued after a capital increase reserved to Mr. Ravera and paid for by a contribution in kind of a part of Mr. Ravera’s participation into Bee Bee Web.

After the acquisition DHH will become the sole owner of Bee Bee Web and Sergio Ravera, the current sole owner and director of Bee Bee Web, will become shareholder of DHH and he will maintain his position as director of Bee Bee Web.

The transaction is expected to be closed by 30 April 2017.

Today DHH is a leader, among SMEs companies, in the business of web hosting services in the European emerging digital markets, with a special focus on the Alps-Adriatic Region.

With the acquisition of Bee Bee Web, DHH enhances its leading position vis-à-vis its competitors in the web hosting market in this area, as per the last official publicly available data. This transaction also provides additional growth opportunities for DHH, particularly with clients based in Switzerland, which is a new market for the group, and the chance to increase its market penetration and to further strengthen its market share.

Bee Bee Web SA is a company fully owned by Mr. Sergio Ravera, with a turnover of CHF 1.1M (approx. EUR 1M), and a net profit of CHF 16k (approx. EUR 15k), achieved during the last financial year where public data are available (2015).

According to the due diligence activities, the total consolidated non audited turnover 2015 of Bee Bee Web SA and its Italian reseller, net of their own intercompany transactions, was 1.8M EUR.

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