Net Group, a leading Estonian business and software development company, is proud to announce its expansion into Germany with the acquisition of Cloud Ahoi GmbH, a technology company specializing in comprehensive cybersecurity solutions for both private and public sector clients.
Priit Kongo, CEO of Net Group, stated, “The transaction is significant because on the one hand we are increasing our capabilities in providing cybersecurity services, and on the other hand Germany is Estonia’s largest export market. This gives us a unique opportunity to export valuable knowledge from Estonia to Germany for both the private and public sectors.”
Founded in 2021, Cloud Ahoi GmbH has grown together with Volkswagen’s software development team and continues to be its strategic cooperation partner. The acquisition will enable Net Group to actively offer cybersecurity services in Estonia and other markets besides Germany.
In addition to business model innovation and software development, Net Group will bring its experience in Estonian public sector solutions to Germany, including state-of-the-art AI-based e-governance solutions such as mobile-based services for citizens and the chatbot Bürokratt.
As part of the acquisition, the current owners of Cloud Ahoi will retain a 30% stake and will continue to actively manage the company. Matthias Voss, CEO of Cloud Ahoi, commented, “Merging with Net Group provides new and exciting growth opportunities for the Cloud Ahoi team and a great opportunity to offer even greater value to our customers.”
Net Group operates in several countries including Finland, Sweden, Luxembourg, the UK, and Latvia, and is now expanding its footprint in Germany.