team.blue, Europe’s leading digital enabler for entrepreneurs and SMBs, announced its acquisition of Loopia Group, a prominent provider of digital presence solutions in the Nordics and Central Eastern Europe (CEE). Loopia Group has a significant presence in Sweden, Finland, Slovakia, Czechia, Hungary, and Serbia, employs over 320 professionals, and serves approximately 650,000 customers. Loopia Group has been backed by Nordic private equity group Axcel since 2018, during which time the company quadrupled its revenue and earnings. This acquisition will expand team.blue’s customer base from 2.5 million to over 3 million across Europe. The deal also aligns with team.blue’s strategy to enhance its digital offerings and further solidify its market position. The acquisition is supported by Hg, a leading investor in European and transatlantic software and services businesses, while Team.blue plans to integrate Loopia’s brands and platforms to deliver an enriched customer experience.
Digital Services, Private Equity, Web Hosting,Europe, Nordics, Central Eastern Europe
https://contentapi.cision.com/api/v1.0/releases/20240523EN20831