Latest M&A publications
The Chinese owners of London-based Global Switch have put the veteran data centre operator on the market for £8 billion, according to Bloomberg.
Founded in 1998, Global Switch owns and operates 4,200,000 sq ft of multi-customer, carrier and cloud-neutral data centre space across Europe and Asia-Pacific.
The value of data centre-related M&A deals that closed in the first quarter of 2020 has already exceeded the 2019 total, according to new market data.
Synergy Data published the latest quarterly stats Thursday, just over a month since Digital Realty closed its $8.4 billion acquisition of Interxion.
North American wholesale data centre provider Vantage Data Centers is launching itself into Europe with the acquisition of Etix Everywhere and $800 million in new funding.
Luxembourg-based Etix owns a sizable European data centre portfolio including a 55MW hyperscale campus currently under development in Germany. The two companies have not disclosed the financial terms of the deal.
Global data centre provider CyrusOne is sacking 55 employees as it seeks to save costs in response to oversupply and dwindling demand in the US market.
The Dallas-based company announced the cuts in a statement on Monday and expects the move to provide nearly $11m in savings.
Affected employees will receive severance as well as customary transition assistance.
Insight Partners has announced the acquisition of Swiss software startup Veeam for $5 billion, just months after the private equity firm invested $500 million in the data management company.
Veeam, which posted revenues of $1 billion last year and has 365,000 customers worldwide, helps companies manage data backup and recovery across public clouds and their in-house data centres. Following the deal, Veeam will become a US company.