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Press Release -- August 6th, 2012
Source: Telecity Group

TelecityGroup acquires leading Finland data centre operator Tenue Oy

TelecityGroup has today announced it has acquired Tenue Oy (“Tenue”), one of Finland’s leading providers of carrier-neutral data centres, for a consideration of £3.7 million in cash.  In total TelecityGroup gains one of the most connected data centres in Helsinki, plus another under construction.

Tenue operates a high quality carrier-neutral data centre with around 1MW of current customer capacity. A new data centre is currently under construction in Helsinki which will offer a further 4MW of customer capacity. Helsinki is an emerging internet hub city within the strong Nordic region demonstrating significant growth potential and which offers easy access to Russia and the Baltic countries.

Tenue is a successful data centre operator with strong growth potential,” said Michael Tobin, CEO of TelecityGroup.  “There is significant demand from our customers for high quality, connected data centre services with proximity to the growing Russian market and we see an important growth opportunity by entering this new market. I am delighted to welcome Sami Holopainen and his team at Tenue to TelecityGroup and look forward to working together as we continue to expand our presence across Europe.”

Sami Holopainen, CEO of Tenue, who will become managing director for TelecityGroup Finland, said: “Today’s announcement underlines Helsinki’s importance as a growing strategic internet hub location.  Combining our business with Europe’s leading provider of data centres will be a great boost and will help us take advantage of the booming domestic and international demand for highly connected data centre services in Finland.”

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