Kyivstar agrees to buy Ukrainian cloud provider GigaCloud in a deal valued at up to $50M
Kyivstar Group signed an agreement to buy GigaCloud, a cloud provider serving enterprise and public-sector customers in Ukraine and Poland, in a deal valued at up to $50M.
Nasdaq-listed Kyivstar Group has signed an agreement to acquire GigaCloud, a cloud infrastructure provider with operations in Ukraine and Poland, in a transaction valued at up to $50M. The total includes a $41M purchase price, with about $5M tied to future performance and capital investment milestones. (Kyivstar Group via GlobeNewswire)
GigaCloud has served more than 1,800 enterprise customers since 2016 and works with Ukraine's public sector. According to unaudited management accounts cited by Kyivstar, it had about $14M in revenue in 2025. The deal is subject to customary closing conditions; no closing date was given. (Kyivstar Group via GlobeNewswire)