Natro, a leading Turkish web hosting provider, is joining team.blue – a merger that originated from the companies Combell and TransIP with an employee count over 600 people. With the acquisition, team.blue is expanding its footprint to the fast growing Turkish region.
Founded in 1999, Natro 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.
“It is refreshing to see how Natro’s vision connects perfectly to what we are accomplishing in the whole of team.blue,” said Jonas Dhaenens, CEO 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.”
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.
80M Potential Customers
“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,” said Tolga Kabakci and Hüseyin Caymaz, founders of Natro. “It was a good fit right from beginning and a trustful, fair and respectful atmosphere until the end.”
The Turkish web hosting and application segment has over 80 million potential customers. Over the past years, it has made good progress and offers excellent growth potential in a promising environment, stated team.blue.
“I’m excited about the possibilities of Natro joining team.blue,” said Nedim Mitrani, CEO of Natro. “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.