Cloud & edge platform business of German Edge Cloud is acquired by European IT services leader WIIT

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’s recent sale to GoDaddy.


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Press release (extract)

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. READ FULL PR

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