Cofely targets big data centre growth in Asia with SMP buy out
Tue 3 Jun 2014
Data centre operator Cofely South East Asia is to use the acquisition of Singapore-based specialist SMP as a springboard for growth in the region.
Now trading under the name of Cofely DC, and part of GDF Suez Energy Services, the company will acquire some prestigious clients in the region including the Ministry of Home Affairs – Casino Regulatory Authority, Ministry of Education, National University of Singapore, Sentosa Corporation and Continental Automotive.
Cofely, which operates 500,000m2 of data centre space in Europe, will use the purchase to expand its data centre solutions business in Asia “whilst integrating best practice innovative technology to offer its customers the means to improve efficiency and reduce energy consumption,” according to a spokesman.
SMP is a 10 year old business with sales of €5m and 30 employees. “SMP will complement Cofely’s existing businesses in Asia namely: design, implementation and management of energy and utility solutions, integrated facilities management, district cooling services, street lighting and industrial solutions.
Cofely employs 400 people in south-east Asia with a turnover of €30m.
Jérôme Tolot, CEO of GDF Suez Energy Services, said Cofely wanted to double its revenues outside Europe within five years and south-east Asia was a key target for investment. “This acquisition builds on Cofely’s leading position in energy and technical services to equip us with additional capabilities for the delivery of total facilities management services and the outsourcing of business processes,” he said.
* Cofely has bought US data management firm Ecova for $335m in a bid to expand its energy efficiency business. Ecova helps customers reduce energy cost and resource consumption.
