European registrar brings incremental scale, additional domain products and a high-quality reseller base to Tucows’ domains business

Email Print Friendly ShareMarch 19, 2019 07:00 ET | Source: Tucows Inc.

TORONTO, March 19, 2019 (GLOBE NEWSWIRE) — Tucows Inc. (NASDAQ:TCX, TSX:TC), a provider of network access, domain names and other Internet services, announced that it has signed a definitive agreement to acquire wholesale domain name registrar Ascio Technologies from CSC®. The transaction closed yesterday.

Tucows will pay $29.44 million and the transaction is expected to be immediately accretive to operating cash flow. The purchase price will be funded through Tucows’ existing credit facility.

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