MSQ Acquires United Digital Group (UDG)

November 14, 2024

MSQ has acquired United Digital Group (UDG), a €40m-revenue, 350-strong German digital customer experience agency, to build a pan‑European digital customer experience and tech powerhouse. The deal, which adds UDG's design, engineering and technical delivery capabilities to MSQ's global network, is part of MSQ's PE-backed growth strategy supported by One Equity Partners and LDC; UDG was previously part of PIA Group (owned by Equistone).

Buyers
MSQ, One Equity Partners, LDC
Targets
United Digital Group (UDG)
Sellers
PIA Group, Equistone Partners (previous owner)
Platforms
MSQ
Location
Baden-Württemberg, Germany
Transaction Type
Addon

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