Host Africa set to acquire Nigerian digital infrastructure firm, GO54 

The transaction entails the acquisition of intellectual property, goodwill, equipment, furniture, fittings, contracts, domains, and other assets essential to GO54 Limited’s business operations.

These assets will enable Host Africa to deliver webhosting, cloud services, and domain registration solutions across Nigeria.

The transaction, formalized through a Sale of Asset Agreement, involves the transfer of all identified sale assets from GO54 Limited to Host Africa.

In the regulatory filing seen by Naijaonpoint, Host Africa noted that GO54 Limited’s consistent revenue growth, coupled with its diversified customer base and expanding product portfolio, offers predictable cash flows and sustainable growth potential.

The Acquirer is also looking to utilize the Sale Assets into creating an affordable and accessible one-stop shop for the digital needs of Nigerians across retail, enterprise, and corporate verticals.

The deal has also received the backing of the Federal Competitive and Consumer Protection Commission (FCCPC), which describes it as a positive development for Nigerian consumers.

“The Acquirers investment is beneficial as it will harness and develop Nigerian technology talent whilst accelerating online adoption and digital access for Nigerians.  

“The acquisition marks the Acquirers strategic entry into the Webhosting and Domain Registration service industry in Nigeria and aligns with its overall consumer strategy in Nigeria,” the FCCPC stated.

The planned acquisition of GO54 comes about 10 months after the company rebranded from WhoGoHost, the name by which it was known since 2006 when it was founded by Opeyemi Awoyemi.

“We are not just changing our name. We are enabling online presence in an easy, simple, and affordable way and redefining what it means to succeed online,” said the company’s CEO, Toluwani Adejuyigbe, in March.

Inspired by Cape Town’s beauty in South Africa Host Africa’s Founder, Michael Osterloh, brought his expertise from Germany to help Africans get online.

Previously, Michael Osterloh was Managing Director of “Deutsche Börse Cloud Exchange AG”—one of the largest providers of virtual servers in Germany. Marcel Chorengel not only founded it but also developed the first fully automated web hosting software—Confixx.

Host Africa is now an established Hosting business leading in Cloud Server solutions in South Africa.

The company has also had a number of acquisitions across Africa as it seeks to spread its tentacles in the continent and GO54 is not the first Nigerian company to be acquired by Host Africa.