Data Center Investment Company CyrusOne Agrees to Acquire Zenium Data Centers
January 3, 2018
Data center investment company CyrusOne has agreed to acquire Zenium Data Centers (Zenium). CyrusOne, which has headquarters in Dallas, Texas, United States, was established in 2000. The company offers “mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure”. It caters to around 900 customers globally and has signed a definitive agreement with private investment fund Quantum Strategic Partners Ltd. to purchase Zenium at a price reported to be $442 million.
Zenium, which has headquarters in London, United Kingdom, specializes in providing innovative solutions that set “new standards in data center design and operation across the globe”. The company’s customized solutions are designed to meet its customers’ current and future business requirements. It owns and manages data centers in London and Frankfurt with additional properties in the pipeline that will bring its capacity to in excess of “260,000 colocation square feet and 49.3 megawatts of power capacity”.
“This transaction establishes a significant presence for us in Europe’s two largest data center markets and provides a platform to scale to meet the strong demand across the continent,” explained CyrusOne’s President and CEO, Gary Wojtaszek. “The Zenium team is experienced and well-respected with particular expertise leasing to hyperscale companies, and they have built an outstanding, fast-growing company. The capacity for further growth at their existing locations remains substantial, allowing us to nearly double the size of their business, and we will be able to leverage the European infrastructure to expand within London and Frankfurt and into new markets in an efficient, cost-effective manner.”
Do you know of any other companies involved in acquisitions? Let us know the details. Add your comments below.