Hippo MGMT was acquired by the Swedish digital agency Cube

Cube, a Stockholm, Sweden-based digital agency, announced the acquisition of Hippo MGMT.

Hippo MGMT, led by Rasmus Kolbe, is a Copenhagen-based small agency, and sister company to SMAC Agency, which is also acquired in the process.

Financial details were not disclosed.

In practical terms, the deal entails CUBE acquiring SMAC Agency and Hippo MGMT with its own shares, and Pernille and Rasmus will join the parent company WeAreCube AB as partners.

Cube, led by CEO Olof Lindblom, is a Swedish digital agency operating a network of local influencers.