World information heart enterprise CyrusOne has agreed to acquire Zenium Details Facilities from its investors, which include things like Quantum Strategic Associates, a private financial commitment fund managed by Soros Fund Management.
The $442 million acquisition is expected to close in the first quarter of 2018, subject to regulatory approval. Zenium operates four information centers throughout London, Uk, and Frankfurt, Germany, that – at total buildout – could provide additional than 260,000 sq. toes (24,155 sq m) of colocation space and 49.3MW of power ability. At the moment, all over 54 % of the facilities’ power ability (26.8MW) is leased.
“This transaction establishes a substantial existence for us in Europe’s two biggest information heart markets and offers a system to scale to satisfy the robust demand throughout the continent,” Gary Wojtaszek, president and CEO of CyrusOne, mentioned.
“The ability for even further advancement at their present locations remains considerable, allowing for us to approximately double the dimensions of their enterprise, and we will be capable to leverage the European infrastructure to broaden within just London and Frankfurt and into new markets in an effective, charge-effective method.”
Franek Sodzawiczny, Zenium’s founder and CEO, extra: “We are thrilled to be a part of the CyrusOne crew and think that their exclusive abilities and robust shopper interactions, especially amongst hyperscale organizations, will speed up advancement throughout the present European portfolio.
“We appear ahead to realizing the advantages of our blended skills and very similar operating philosophies as we go on to broaden CyrusOne’s footprint to capture escalating European demand.”
Zenium currently has additional than 10 customers, with hyperscale companies symbolizing approximately 75 % of contracted revenue. Extra than half of the customers will be new to CyrusOne, including two unnamed Fortune 1000 organizations.
Zenium also has a new web-site in Frankfurt below contract and advanced discussions are underway for further web-site developments in London, Frankfurt, and Dublin. DCD has contacted CyrusOne to come across out no matter if the enterprise will fall Zenium’s branding going ahead.
The sale arrives two months immediately after Zenium declared it would promote its information heart in Istanbul, Turkey, to Equinix for $93 million.