Home.pl sold for over PLN 560 mln

German internet services group United Internet has purchased Home.pl, a leader on the Polish hosting market for around €135 million (roughly PLN 567 million), the media reported on Friday.

United Internet will additionally acquire €20 million worth in debt. The entire value of the transaction is over 15 times higher than the financial results of the Polish firm, Rzeczpsopolita daily stressed.

Home.pl will be operating as an independent entity, and the new investor is not going to implement any changes regarding the board of managers.

Home.pl recorded over PLN 100 million in revenue in 2014, while its EBITDA reached over PLN 37 million.

The transaction has to be approved by the Polish anti-monopoly watchdog UOKiK.