Fonecta has acquired Hitta.se, expanding its operations into Sweden and strengthening its position in the digital services market.
Target Information
Fonecta, a leading Finnish digital services provider, has acquired Hitta.se, Sweden's most popular digital discovery service, from the private equity firm Sprint. This acquisition marks Fonecta's first expansion beyond Finland, allowing the company to enhance its service offerings in Sweden.
Hitta.se is a prominent online platform in Sweden, delivering comprehensive information about individuals, businesses, locations, and routes. The platform boasts over 4 million weekly users and serves more than 24,000 business customers. The company's projected revenue for 2024 is €22.5 million, showcasing its significant presence in the Swedish market.
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Industry Overview in Sweden
The digital services industry in Sweden has experienced robust growth, driven by high internet penetration and a strong preference for online solutions among co
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