TelecityGroup, Europe's industry-leading provider of carrier-neutral data centres, has today announced it has acquired Data Electronics Group Limited ("Data Electronics"), Ireland’s leading provider of highly connected carrier-neutral data centres, for a total consideration of £87.6 million in cash.
Data Electronics operates two high quality carrier-neutral data centres in Dublin, with a combined capacity of 4,600 square metres and 4 megawatts (MW) of customer available power. These data centres are key international internet hubs and offer access to over 40 carrier networks and access to INEX, the Dublin internet exchange. Data Electronics also has 1.5MW of secured incremental customer power with potential for further significant expansion within its existing sites.
Michael Tobin, CEO of TelecityGroup, said: “Data Electronics is a successful Irish technology business with strong growth potential and there is significant local, national and international demand for high quality, connected data centre services in Ireland. The combination of Data Electronics and TelecityGroup creates a platform both to capture this demand and also to fulfil growth requirements of our existing customers in Dublin. I am delighted to welcome the team at Data Electronics to TelecityGroup and look forward to working together.”
Maurice Mortell, CEO of Data Electronics said: “This is an exciting development for Data Electronics. With greater combined resources, talent, technology and infrastructure we'll be able to deliver even more opportunity and value to our customers. Combining our business with Europe’s leading provider of data centres will be a great boost and will help us continue to build on our successful strategy of attracting both Irish and international businesses choosing to locate their digital infrastructure with us here".
"This deal demonstrates that the Irish IT market is highly viable and shows support for Dublin’s position as a core European technology and internet hub, presenting a significant opportunity for the combined group."
“I am staying with the business to lead the combined Irish operations and look forward to working as part of the TelecityGroup team. We have a shared focus on operating highly-connected, centrally-located data centres with a strong track record of customer service and operational excellence.”
Notes to Editors:
For further information please contact:
Aideen Lee, Brunswick Group: +44 207 404 5959 M: +44 7974 982491
Aidan McLaughlin, Fleishman Hillard: +353 1 6188 425 / M: +353 85 749 0484