Avalon Acquires Competitor Fiuhost

Avalon, a leader in the field of web hosting, has acquired one of its competitors, Fiuhost. The acquisition agreement was signed in Rijeka by Avalon’s director Tomislav Kokotić and Fiuhost’s director Elena Hranj. The details of the transaction have not been disclosed.

This is Avalon’s first acquisition of this kind, as one of the leading companies in Croatia providing web hosting services. It has been present in the market since 1997 and currently serves around 5,700 different internet domains. With this acquisition, Avalon has increased its portfolio by an additional 1,300 domains from Fiuhost. This move will allow Avalon to achieve its previously announced goal of entering the low-budget segment of the web hosting market.

“During yesterday’s signing of the agreement, we emphasized our common goal for Fiuhost to continue to develop even faster, now with the support of Avalon as a strategic partner and the financial and technical backing that we have been lacking. This partnership will enable us to accelerate development and offer new services, with a guaranteed increase in quality,” said Elena Hranj, director of Fiuhost.

Tomislav Kokotić, director of Avalon, highlighted on this occasion: “Fiuhost is known as a quality provider of web hosting services on the cPanel platform, which we have been lacking until now. Due to this complementarity, we are extremely satisfied with the acquisition achieved. Our goal is to continue with the good work of Fiuhost and gain additional momentum in expanding our business. We will primarily achieve this by raising quality and expanding the range of services, but we do not exclude possible further acquisitions.” With this acquisition, Avalon has entered the new year with ambitious plans for expansion in the web hosting market. Additionally, the company plans to implement a series of improvements and service expansions in the premium segment this year, where Avalon currently holds a leading position, as stated in the announcement.