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.
Source: Private Equity Wire
