# CentralNic Group final additional consideration for KeyDrive determined

- Link: https://www.directorstalkinterviews.com/centralnic-group-final-additional-consideration-for-keydrive-determined/4121073165
- Published: 2022-07-18T07:07:53+01:00
- Author: Giles

**CentralNic Group plc** ([LON:CNIC](https://www.directorstalkinterviews.com/company/centralnic-group-plc/cnic.l)),
the global internet platform company that derives recurring revenues selling online
presence and marketing services, has announced that the additional consideration
payment for the acquisition of KeyDrive SA has been determined to be USD 1,138,400.
The consideration will be settled in cash. Inter.services, the majority seller of
KeyDrive, has agreed to not sell any CentralNic shares for the next 180 days. CentralNic
has no further financial obligations under the SPA.

> **Ben Crawford, CEO of CentralNic, said**: “The acquisition of KeyDrive has been
> a catalyst for the accelerated expansion of the CentralNic Group and forms the
> core of our Online Presence segment.”

CentralNic ([LON: CNIC](https://www.directorstalkinterviews.com/company/centralnic-group-plc/cnic.l))
is a London-based AIM-listed company which drives the growth of the global digital
economy by developing and managing online marketplaces allowing businesses globally
to buy subscriptions to domain names for websites and email, monetise their websites,
and acquire customers online. Its core growth strategy is identifying and acquiring
cash-generative businesses in its industry with annuity revenue streams and exposure
to growth markets and migrating them onto the CentralNic software and operating 
platforms.

 

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