Perwyn-backed Miss Group, the fast growing international web hosting business, has completed its latest acquisition Web4U located in the Czech Republic. This acquisition follows several other acquisitions made by Miss Group this year in countries including Sweden, Switzerland, and the US.
Founded in 2000 and headquartered in Prague, Web4U is one of the leading providers of web hosting, domain registrations, mail, and server hosting services to over 15,000 unique customers across the public sector and SME market. In the 12 months to 31 December 2021, Web4U reported revenues of CZK38m.
Perwyn acquired a majority position in Miss Group in February 2020 to support the growth ambitions of the business through international expansion and ongoing M&A. Web4U takes the total number of acquisitions completed under Perwyn ownership to 13, and the total number of acquisitions completed by Miss Group since 2018 to 22.
Fredrik Björklund, co-founder and CEO of Miss Group, said: “The acquisition of Web4U is an important addition to our growing portfolio as we look to expand our international footprint into selective new geographies. Web4U’s impressive client base, technical expertise, and knowledge of the Czech market will further strengthen our service offering to customers, as well as providing Web4U’s customer base with access to an international network of products and services to support their businesses as they grow.”
Lukáš Kunovský, co-founder of Web4U, said: “Being part of the Miss Group family – a truly global player – will undoubtedly further strengthen Web4U’s operating competencies and our current market position in the region.”
Mark Blower, Partner at Perwyn and Miss Group board member, added: “Web4U is the fifth acquisition completed by Miss Group this year and our pipeline for 2022 continues to strengthen to realise further international growth. Web4U is an excellent platform from which to build our presence in the Czech Republic, and we are delighted to welcome the Web4U team to Miss Group.”