MDNX Group, one of the largest UK-based system integrators delivering managed networking and hosting solutions to the UK market, has acquired the entire issued share capital of Easynet, a global provider of managed networking, managed hosting and cloud integration services.
The combination of Easynet and MDNX would create the largest independent network and hosting integrator in Europe, according to an official statement by the two companies. The merged operations of the two businesses will operate under the Easynet brand going forward.
The acquisition has been backed by Equistone Partners Europe Limited, a private equity company which will hold a majority stake in the newly formed Group. LDC has reinvested in the newly formed Group to acquire a minority stake alongside MDNX management.
Except Easynet Germany
All countries within the Easynet Group will be part of this transaction, with the exception of the business in Germany. For a number of years, Easynet’s business in Germany has been successfully operating and developing its business specializing in the provision of unique high-end IT sourcing solutions to the Enterprise market. To enable this business activity to accelerate its growth further, the decision has been taken for it to become an independent, standalone business.
Owned by its current shareholders, LDC and the management team, this independent business would now have a greater level of flexibility to further develop in the area of IT sourcing solutions. All customers stay with this company which will be renamed in 2014 to Nexinto GmbH.
Founder MDNX as new CEO
In addition, the newly formed Group will create a new company in Germany into which all the dedicated network assets from the former German branch of Easynet will be transferred. It will then invest to build a new business in Germany which will be called Easynet Global Services GmbH and will partner with Nexinto in global network business.
Mark Thompson, Chief Executive and founder of MDNX, will also lead the new Group as Chief Executive Officer, supported by Wayne Churchill as Chief Operating Officer and Mike Mulford as Chief Financial Officer. Former Easynet Chief Executive, Greg Clarke, will take up the role of non-Executive Chairman of the Group.