The data centre sector witnessed a flurry of mergers and acquisitions activity today with three DC firms changing hands.
Let’s start with Iomart, which is paying up to £11m for United Communications Ltd, a managed hosting firm based in Hemel Hempstead, with about 6500 mostly small business customers.
Iomart is paying £7.5m in cash upfront and £3.5m contingent on performance over the next 18 months. United Communications profitable and growing, according to Iomart CEO Angus MacSween, “and as such the business fits well within our acquisition criteria”.
Next up, VIRTUS Data Centres, a privately owned UK data centre firm backed by ST Telemedia, which has scooped up Infinity’s Slough bit barn, to double overall capacity to 35MW.
All assets, operating staff and customers of the Infinity Slough business – renamed VIRTUS LONDON4 – are transferred to VIRTUS.
The price is undisclosed but the deal is constructed as a purchase of the company that owns the data centre from Infinity SDC Ltd.