Fast-growing Miss Group acquires Finnish hosting firm

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Manchester hosting firm Miss Group has acquired Finland-based Euronic OY.

Founded in 2000, Euronic offers shared web hosting offering, website builds, domain names and security certificates for around 12,500 customers.

It reported revenues of €2.4m and EBITDA of €1.5m in 2019.

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 10th 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, which has over 100,000 customers, reported revenues of £25m last year, with EBITDA up to £11m.