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Press Release -- September 26th, 2011
Source: Telecity Group
Tags: Expansion

TelecityGroup acquires UK Grid to fulfil growth requirements

Acquisition enhances TelecityGroup’s growth platform in key UK digital and connectivity hub

TelecityGroup, Europe's industry-leading provider of premium carrier-neutral data centres, has today announced the acquisition of UK Grid, a leading UK data centre operator for £11.7m.

TelecityGroup’s highly-targeted data centre expansion programme is designed to ensure its customers have the capacity to grow in the most highly-demanded European markets. The acquisition of UK Grid will immediately add approximately 1.5 megawatts of high quality carrier neutral capacity to TelecityGroup’s existing estate in the North West with the potential for further expansion.

Adriaan Oosthoek, TelecityGroup’s UK Managing Director said: “We are thrilled to announce the acquisition of UK Grid and welcome the team to TelecityGroup.  The demand for premium data centre capacity in the region is clear, and this acquisition will further enhance TelecityGroup’s ability to grow in this increasingly important digital and technology hub.”

For further information contact:

Investors:
TelecityGroup:
Matthew Springett +44 (0)20 7005 6337

Media
TelecityGroup:
James Tyler +44 (0)20 7001 0076

Brunswick: Sarah West / James Olley +44 (0)20 7404 5959

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