19 July 2022
UK managed services provider Redcentric has acquired UK colocation provider 4D Data Centres, the former said.
It said it had acquired the entire issued share capital of 4D for a consideration net of cash and debt-like items of £10m.
4D operates a 6,500 sq ft (603 sqm), 1MW data centre in Byfleet, Surrey that opened in 2008, as well as a 10,000 sq ft (929 sqm), 3MW facility in Crawley, West Sussex it acquired from BT in 2016. Furthermore, the company leases space in a Telehouse facility in London and a Custodian facility in Maidstone, Kent.
Redcentric recently acquired three data centres from Sungard, which folded in March this year.
"With these two acquisitions, we have now completed five acquisitions in the last nine months and totally transformed the company," said Peter Brotherton, chief executive officer, Redcentric. "We have added over 600 customers to our base and increased run rate revenues by circa 60%.”