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Home > Web Hosting > Miss Group acquires Swedish hosting company, Cloudnet

Miss Group acquires Swedish hosting company, Cloudnet

Miss Group announced that the company is increasing its position in Sweden with the acquisition of Cloudnet.


Erdem Yasar Erdem Yasar
May 18, 2022
2 min read
Miss Group acquires Swedish hosting company, Cloudnet

The web hosting company, Miss Group announced the acquisition of Sweden’s largest managed hosting company specializing in Linux, Cloudnet. Cloudnet, established in 2010 and headquartered in Stockholm, currently has 500 SME customers, most of which are located in Sweden. the company reported revenues of approximately $2.5 million.

500 SME customers

Cloudnet will join Miss Group’s team, adding to its customer base with the acquisition. After the acquisition, Cloudnet’s co-founders Magnus and Anders will leave the company, with day-to-day management transitioning to Miss Group’s established management team in Sweden.

Fredrik Björklund, co-founder and CEO of Miss Group
Fredrik Björklund, co-founder and CEO of Miss Group

The private equity business, Perwyn acquired a majority position in Miss Group in February 2020 to support the growth ambitions of the company through international expansion. CloudNet takes the total number of acquisitions completed under Perwyn ownership to ten, and the total number of acquisitions completed by Miss Group since 2018 to 19. Fredrik Björklund, co-founder and CEO of Miss Group said,

« Cloudnet has established a fantastic reputation in the Swedish market, not only for its knowledge base and expertise but also for its customer service-led approach to supporting SME customers as their businesses grow. This is an approach that resonates with Miss Group’s own customer service-oriented model and where Cloudnet’s expertise will complement our offering. As part of Miss Group, Cloudnet will have unrivalled access to our international network of technical expertise, as well as a leading range of products and services to offer its customers.

We have established a healthy acquisition pipeline for 2022 that will continue to accelerate our international growth, as well as adding new products and services to our portfolio that will further strengthen our offer of providing best-in-class web services and support to help SME businesses expand their global reach. »

Related: Best Web Hosting Companies

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Tags: CloudnetMiss Group
Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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