Scandinavian Loopia Group joins team.blue

Team.blue, a European digital enabler for entrepreneurs and SMBs, announces the strategic acquisition of Loopia Group, a top-tier provider of digital presence solutions in the Nordics and Central Eastern Europe (CEE).

Loopia Group, with its strong foothold in Sweden, Finland, Slovakia, Czechia, Hungary, and Serbia, has a workforce of over 320 skilled professionals and serves approximately 650,000 customers through a portfolio of robust local brands including Loopia, Websupport, Hostingpalvelu, Domainhotelli, and Active24.

Loopia Group has been backed by Nordic private equity group Axcel since 2018, during which time the company has seen a fourfold increase in revenue and earnings, all the while ensuring that 97 percent of the business’ revenue stems from data centres running on renewable energy.

With this acquisition, team.blue’s customer base will grow from 2.5 million to more than 3 million entrepreneurs across Europe. This not only complements team.blue’s footprint but also enhances its ability to help a larger number of customers to achieve online success through its wide digital product offering. team.blue continues to be backed by Hg, a leading investor in European and transatlantic software and services businesses.