Miss Group acquires Finnish web hosting company Euronic Oy

Translink Corporate Finance announces the acquisition of all outstanding shares in Euronic Oy by the Miss Group. Euronic provides co-location, cloud infrastructure, web hosting and domain registration services. Using its data center in Turku, Euronic provides customers with highly customized and flexible services, and with a highly skilled technical customer service team. Thanks to its highly automated processes and distinctively branded and differentiated products it is the most profitable player in the Finnish market. Translink acted as the exclusive financial adviser to the Miss Group in the transaction.

Miss Group is an International Web Hosting Group that offers a range of Hosting related services at favorable prices such as Web Hosting, Domain Registration, VPS, Dedicated Servers, Sitebuilder, SSL-Certificate, SEO Tools, Web Security and Domain Management. Miss Group is excited about the deal: “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.”

The CEO of Miss Group Mattias Kaneteg comments on the process: “Euronic will be an excellent platform for further growth in Finland and is in line with our focus on expansion in the Nordics. This was now our fifth successfully executed deal with the assistance of Translink’s global team and we continue to pursue new opportunities together.”

At Translink we see very strong demand for web hosting services globally, as the services are of a critical nature and the segment offers growth opportunities and significant synergies during the current market unrest due to the corona virus outbreak. The target companies are often fairly small, but with excellent profitability and high customer stickiness. We therefore expect the market consolidation to continue in the near future.

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