Clipperton acted as sole financial advisor to Friedhelm Loh Group, the sole owner of German Edge Cloud (GEC), on the sale of its cloud & edge platform business to WIIT.
With its market-leading solution portfolio of IaaS, PaaS, and edge infrastructure, the cloud & edge business will establish a new cloud & edge competence center within WIIT while further accelerating its pan-European growth trajectory.
This transaction illustrates Clipperton’s strong track record in executing transactions on behalf of European infrastructure software companies with strategic acquirers – including gridscale’s recent sale to OVHcloud, Smartlook’s recent sale to Cisco, Gandi’s recent sale to Total Webhosting Solutions and Dan.com’s recent sale to GoDaddy.
January 24th, 2024 - Founded originally as iNNOVO Cloud, GEC’s cloud & edge platform business has emerged as a leading specialized data-sovereign cloud infrastructure provider to German blue chip and mid-market corporations, as well as public sector and research focused customers.
