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
- Industry
- Marketing & Advertising
- Location
- Baden-Württemberg, Germany
- Transaction Type
- Addon
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