Loopia Group acquires fast growing Suomen Hostingpalvelu Oy and Domainhotelli Oy

Loopia Group acquires fast growing Suomen Hostingpalvelu Oy and Domainhotelli Oy

Loopia Group AB has yesterday signed an agreement to acquire Suomen Hostingpalvelu Oy and Domainhotelli 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 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. Their focus on customer satisfaction is an important factor behind the company’s consistent growth since 2008. Domainhotelli founded in 2015 is the fastest growing domain registrar in Finland. Combined, Hostingpalvelu and Domainhotelli have 40 000+ customers.

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.

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.