Fast-growth web hosting business, Miss Group, has acquired UK-headquartered Pickaweb as part of its ongoing buy and build strategy.
The acquisition of Pickaweb is the twelfth acquisition for Miss Group over the last two years, and adds a further 7,000 SME customers across the UK and Spain. Pickaweb will be integrated into existing brands within the Group, with the UK business joining Hostek UK and Pickaweb’s Spanish business integrating with Profesional Hosting in Spain.
In February 2020, private equity investor, Perwyn acquired a majority position in Miss Group to support the growth ambitions of the business through international expansion and ongoing M&A, and Pickaweb is the third acquisition to be completed under Perwyn ownership.
Mattias Kaneteg, Miss Group founder and CEO, says: “As one of the UK’s first web hosting providers, Pickaweb has built a strong reputation for reliable service and expert advice for its customers across the UK and Spain. The combination of this established track record together with Miss Group’s scale, deep expertise and ambition is exciting and will accelerate our growth in these key markets as part of our overall expansion plan.
“In the past 12 months, businesses have had to focus their efforts on migrating or increasing their business online. This trend shows no signs of slowing. We are committed to helping SMEs do business online by building the best-in-class provider of hosting, domain and the other services they need.”
Tony Messer, Pickaweb co-founder & CEO, says: “We are extremely pleased that Miss Group will be taking Pickaweb to the next level. It was important that we found a company that shares our values and ethos of offering superior levels of customer service. Mattias and Miss Group have a clear, ambitious plan with a real focus on growth. We are proud to have served our customers for so many years and we know that they will benefit from Miss Group’s breadth & depth of hosting experience.”
Source: Private Equity News
