Loopia has signed an agreement with Binero Group AB (publ) to acquire its web hosting business in Sweden and Germany.
The business provides web hosting and domain registrations to small and medium sized companies and consumers and will be carved out from Binero Group in a transaction expected to close during the end of August 2019. Completion of the transaction is subject to customary conditions. For Loopia, this is another step towards having the scale to provide an even better user experience for our many customers. The business that Loopia is acquiring offers web hosting and domain registration to small and medium size enterprises and consumers in a subscription model. The customer base and services fit well into the Loopia Group and the combined team will join forces to pursue Loopia’s ambition to deliver a superior user experience, technological innovations and outstanding local support to Loopia’s customers. The purchase price is approximately SEK 380 million.
Vinge’s team consisted primarily of partners Christina Kokko (M&A) and Mikael Ståhl (Banking and Finance) and associates Linda Sengul, Vilhelm Rondahl and Stina Bengtsson (M&A), Josefine Larsson (Banking and Finance), Mathilda Persson, Nicklas Thorgerzon and Jolene Reimerson (IT), Ilze Lukins (IP), Hedvig Ekdahl (Commercial Agreements), Lisa Ullman (Employment) and VDR-assistant Jessica Öijer.