Fast-growth web hosting business, Miss Group, has acquired Finnish based MMD Networks Oy as part of its ongoing buy and build strategy.
MMD Networks primarily provides shared hosting and related services, with leading brands including mmd.net and verkko24.fi. MMD is the second acquisition that Miss Group has completed in the Finnish market, and complements the Euronic brand, which was acquired in April 2020. MMD Networks adds a further 6,000 SME customers to the Group’s existing 210,000 web hosting customers.
In February 2020, private equity investor, Perwyn acquired a majority position in Miss Group, headquarted in Sweden, to support the growth ambitions of the business through international expansion and ongoing M&A. MMD Networks is the fourth acquisition to be completed under Perwyn ownership and the thirteenth acquisition completed by Miss Group since 2018.
Mattias Kaneteg, Miss Group founder and CEO, said: “We have been really impressed with the strength of the MMD brand and customer base that the management team have built since the business was established in 2001. We think the opportunity to combine this brand and customer strength with Miss Group’s scale, deep expertise and ambition has great potential and will accelerate our growth in the Finnish market as part of our overall expansion plan.
About Translink Corporate Finance
Translink Corporate Finance is an independent partnership of firms dedicated to Corporate Finance advisory services through over 30 offices in the key markets in Africa, the Americas, Asia and Europe. Translink has been successful in advising clients on hundreds of transactions since its founding in 1972 and Translink offices have acted as advisers in over 100 M&A projects during the last twelve months.
About Translink in Finland
Translink Corporate Finance Finland, based in Helsinki, is one of the leading M&A boutiques in the Finnish market. Since its foundation more than 15 years ago, its partners have completed some 100 M&A transactions in different industries, worked closely together with a number of business partners and industry players, both locally and internationally. In addition, Translink Finland is a Certified Adviser on NASDAQ OMX First North.
About Translink in Sweden
Anecta Translink, our partner in Sweden, is a M&A-advisor working with national and cross-border transactions. The company’s success in this segment is based on a wide industrial network and the fact that many of the team members have backgrounds as executives in Swedish industrials.
Read Miss Group’s press release