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Germany's 1&1 Acquires Norwegian Ad Network

German online marketing company 1&1 AG & Co. acquired NetAd SA, a Norwegian Internet advertising firm, to expand its European online advertising network.

1&1 bought the company through its subsidiary 1&1 Online Dialog GmbH. Financial terms were not disclosed. NetAd has more than 20 Web sites with 30 million impressions each month, according to a Bloomberg News report.

In February, 1&1 tapped the Scandinavian market by acquiring Adnet AB Internet-Werbenetzwerk, a Swedish company that markets Internet advertising, from Lingfield AB. A few months later, 1&1 bought Accesite SA, a French online marketing company.