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Genesis Group Acquires Blockchain Consulting to Increase Efficiencies in Building Data Centres
Friday 06 March 2020

6 March 2020 - Blockchain infrastructure provider Genesis Group, located in the Virgin Islands, has acquired Munich-based Blockchain Consulting GmbH (BC), the company said.

Terms of the transaction were not disclosed.

The acquisition comes after a long-standing relationship where BC provided Genesis Group and its affiliated companies with crypto market analysis, blockchain software development, and strategic consulting services to increase the Genesis' aggressive data centre expansion.

Genesis Group provides cloud-based information technology services to businesses and end-users for a range of applications including video rendering, AI, and blockchain development applications.

Blockchain Consulting GmbH develops, maintains and evaluates blockchain and cryptocurrency-related products and web services and provides long-term assistance and advice on related technological and operational matters for partners worldwide.
Details
Date Published: 06/03/2020
Target: Blockchain Consulting GmbH,  (BC)
Country: Germany
Sector: Business and Consumer Services
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Genesis Group
Comment:
Terms of the deal were not disclosed

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