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 EUR2.4 million and EBITDA of EUR1.5 million 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, says: “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.”