Loopia Group AB has signed an agreement to acquire Suomen Hostingpalvelu Oy via the subsidiary Planeetta Internet Oy. The acquisition will be the second in Finland for the group that acquired Planeetta Internet Oy in August 2019, continuing to execute on the Group’s growth strategy in the Nordic countries and Central Eastern Europe.

Hostingpalvelu holds a strong position in the Finnish market and is known for fast and smooth connections, as well as a high level of customer support. Focus on customer satisfaction is an important factor behind the company’s consistent growth since 2008.

“Hostingpalvelu’s strong competence in creating a superior customer experience and smart domain services complement the business in Loopia Group. Furthermore, it supports our ambition to build a strong, sustainable, tech company that delivers an excellent user experience, technological innovations and outstanding local support to small and medium sized businesses and consumers across Europe”, says Sara Laurell, CEO Loopia Group.

“This was the right time to sell our companies as the consolidation continues in the Hosting business. We are delighted to find a buyer who values our customers and employees”, says Manu Paajanen, co-founder and CEO of Suomen Hostingpalvelu Oy and co-founder in Domainhotelli Oy.

“I am very excited about this acquisition and especially that we were acquired by Loopia Group, which is one of the largest hosting groups in the Nordic countries. With their financial resources, it is possible to further develop our customer-oriented and innovative operations in Finland”, says Jussi Kolhinoja, co-founder and CFO in Suomen Hostingpalvelu Oy and co-founder in Domainhotelli Oy.

After the transaction, Loopia will have over 300 employees and 600 000 customers in Nordic, Central Eastern Europe, and in a few Western European markets.

About Loopia Group
Loopia Group is an innovative European web services and hosting business with its largest operations in Sweden, Finland, the Czech Republic, Hungary and Slovakia. Loopia also provides services to customers in Germany, Great Britain, the Netherlands, Norway, Serbia and Spain. Our main brands are Loopia, Active24, Websupport, Magyar and Planeetta. Since June 2018, Loopia Group has been owned by Axcel, a Nordic private equity firm focusing on mid-market companies.