Global details middle firm CyrusOne has agreed to acquire Zenium Data Centers from its buyers, which consist of Quantum Strategic Associates, a private financial commitment fund managed by Soros Fund Administration.
The $442 million acquisition is expected to close in the initially quarter of 2018, topic to regulatory approval. Zenium operates 4 details centers across London, Uk, and Frankfurt, Germany, that – at comprehensive buildout – could present more than 260,000 sq. feet (24,155 sq m) of colocation space and 49.3MW of ability potential. At present, around 54 percent of the facilities’ ability potential (26.8MW) is leased.
“This transaction establishes a considerable existence for us in Europe’s two major details middle marketplaces and offers a system to scale to fulfill the strong demand across the continent,” Gary Wojtaszek, president and CEO of CyrusOne, said.
“The potential for additional development at their existing locations remains significant, allowing for us to virtually double the dimension of their small business, and we will be equipped to leverage the European infrastructure to increase within just London and Frankfurt and into new marketplaces in an productive, price-productive manner.”
Franek Sodzawiczny, Zenium’s founder and CEO, added: “We are thrilled to be part of the CyrusOne workforce and believe that that their special capabilities and strong customer relationships, specially among hyperscale businesses, will speed up development across the existing European portfolio.
“We seem ahead to acknowledging the rewards of our blended know-how and comparable working philosophies as we proceed to broaden CyrusOne’s footprint to seize growing European demand.”
Zenium currently has more than 10 shoppers, with hyperscale companies symbolizing virtually 75 percent of contracted earnings. Extra than 50 % of the shoppers will be new to CyrusOne, like two unnamed Fortune 1000 businesses.
Zenium also has a new website in Frankfurt under contract and superior conversations are underway for added website developments in London, Frankfurt, and Dublin. DCD has contacted CyrusOne to obtain out whether the firm will drop Zenium’s branding relocating ahead.
The sale comes two months immediately after Zenium declared it would offer its details middle in Istanbul, Turkey, to Equinix for $93 million.