Miss Group acquires Finnish web hosting company Euronic OY
Fast-growth web hosting business, Miss Group, has acquired Euronic OY, which is headquartered in Finland.
Founded in 2000, Euronic is an established Finnish web hosting business with around 12,500 customers. Alongside its core shared web hosting offering, Euronic provides services, such as website builds, domain names, and security certificates. Euronic has reported strong growth in recent years, hitting revenues of €2.4m and EBITDA of €1.5m in FY2019.
In February 2020, Perwyn acquired a majority position in Miss Group to support the growth ambitions of the business through international expansion and ongoing M&A. This deal is the first acquisition to be completed under Perwyn’s ownership and the tenth acquisition for Miss Group in the past two years.
Mattias Kaneteg, Miss Group founder and CEO, said: “Euronic is an excellent business and we are looking forward to growing our customer base in Finland. This deal will accelerate our growth in this new market as part of our overall expansion plan. It’s fantastic to be welcoming Euronic to the Miss Group family and we look forward to working with our new colleagues.”
Miss Group was supported on this transaction by:
• Legal advice - Squire Patton Boggs (Giles Chesher and Matt Canipa) and
• Financial due diligence - EY (Neil Hutt and Steven Kingham)
About Miss Group
Founded in 2014, Miss Group is an international web hosting group that offers a range of hosting related services at competitive prices including web hosting, domain registration, VPS, dedicated servers, website builder, SSL-Certificate, SEO Tools, web security and domain management. Miss Group is also an ICANN-accredited Domain Name registrar via Name ISP.
Miss Group is a well-established operator in its core markets, with a customer service oriented model driving industry-leading performance metrics for its >100,000 customers.
About Euronic OY
Euronic provides co-location, cloud infrastructure, web hosting and domain registration services. Using its data centre in Turku, Euronic provides customers with highly customized and flexible services, and with a highly skilled technical customer service team.
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