British etailer The Hut Group has bought web-hosting business UK2 from private equity firm LDC.
The Hut Group has taken over the server and cloud services firm to speed up its global online services and improve its cloud and security infrastructure, which props up its ecommerce technology platform.
The retailer has said it will “invest heavily” into UK2’s existing team to support key brands and offer services to existing clients, which include Kurt Geiger and Barbour.
The acquisition brings The Hut Group’s technology staff headcount to more than 600.
The Hut Group founder and chief executive Matthew Moulding said: “This is a significant technology investment to support our growth plans and provide a world class proprietary ecommerce platform and infrastructure to increase capacity, speed and resilience for our global customer base.
“The move will see UK2 become a core part of our technology proposition within [The Hut Group’s] platform division, helping us achieve our ambition of becoming a world class platform for technology clients.
The Hut Group plans to create 1,000 technology jobs over the next three years as part of its technology investment strategy.
UK2 employs over 200 people across 26 offices in countries including London, US, France, Germany, Italy, Norway, Canada, Mexico, Brazil, Singapore, Australia, Hong Kong, Japan, India and South Korea.