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The Ontario Teachers’ Pension Plan is jointly acquiring and consolidating two online presence companies alongside an investment fund.

The investment organization and its partner, Cinven Inc.’s seventh investment fund, will acquire Group One and the Dogado Group, two European online presence service providers. Following the acquisitions, both companies will be reorganized into a single business.

Group One, which is based in Sweden, provides online presence solutions through mass hosting and software products to 1.6 million customers. Dogado, based in Germany, offers its 380,000 million clients similar services, as well as cloud marketing and digital marketing services to more than 380,000 customers.

Read: Ontario Teachers’ investing in U.K. energy network, CPPIB acquiring stake in Brazilian internet provider

In a press release, Jean-Charles Douin, senior managing director of private capital for Europe, the Middle East and Africa at the Ontario Teachers’, said both companies provide critical services to small- and medium-sized enterprises. “We see the combined business as a great fit for our European private capital portfolio given Group One and Dogado’s leading positions in their respective markets and resilient subscription-based business models.”

In other news, the Caisse de dépôt et placement du Québec is increasing its stake in a construction firm specializing in infrastructure, civil engineering and virtual design and construction projects.

The investment organization is investing $150 million in Pomerleau Inc., following a previous $50-million allocation in the company in 2018. Since its initial investment, the company’s annual revenues have risen from $1.8 billion to $4 billion and its order backlog rose from $3.5 billion to $11 billion.

Read: Ontario Teachers’ investing in packaging firm, renewable energy platform

The funds have been earmarked by Pomerleau for the acquisition ITC Construction Group, a leading Vancouver-area construction firm. It will also be used to pursue a domestic growth strategy.

“In addition to fostering the organization’s expansion across Canada with the ITC Construction Group acquisition, this investment is aligned with our desire to develop more sustainable living environments and Pomerleau continues to play a major role in that regard,” said Kim Thomassin, executive vice-president and head of Quebec at the Caisse, in a press release.