CodeLab acquires Cloudya, boosting cloud services footprint

CodeLab Capital AS announced the signing of a share purchase agreement to acquire 50.06% of Cloudya AS for NOK 5,006,001. This values Cloudya at NOK 10 million on a 100% basis. The acquisition price will be settled entirely with 1,516,970 CodeLab shares, valued at NOK 3.30 per share, subject to lock-up mechanisms. CodeLab also retains the right to inject an additional NOK 2 million in new equity into Cloudya for commercial growth, based on the same pre-money valuation.

The deal includes a delayed payment clause, entitling sellers to further compensation based on Cloudya's fair market value 2-4 years post-closing. Cloudya, founded in November 2024, is a dedicated AWS partner focused on cost efficiency and optimization for cloud infrastructure. The company boasts over NOK 23 million in Annual Recurring Revenue (ARR) across 35 customers and projects to reach NOK 40 million ARR next year, aiming for neutral cash flow by late 2026.

Cloudya has achieved significant milestones in 2025, including approval as an official Launch Partner for the AWS European Sovereign Cloud and recognition as a winner of Arrow’s AWS Distribution-Led Partner Prospecting League. The transaction is expected to close in early November, subject to standard closing conditions.