STL Acquires European Data Centre Design And Deployment Company
Marks STL’s entry into
Hyper-Scale Data centre Services space
STL [NSE: STRTECH], a global data network solutions
company, today announced the acquisition of IDS Group, a data centre network
infrastructure design and deployment specialist based in the United Kingdom
As part of the overall transaction structure, STL will
acquire 100% stake in UK
The privately held IDS Group is a niche solution provider of
design and deployment offerings for hyper scale data centres. These solutions
are for cloud and colocation providers coupled with containment solutions for
‘inside’ data centres’ infrastructure requirements. IDS is a key partner to two
of the top four global cloud companies for their data centre connectivity needs
with one relationship extending continuously for the last ten years. The
company has a pan European presence with a dedicated partner ecosystem for
flawless execution.
The transaction is structured to acquire 100%. Out of this
80% has been acquired, and the remaining 20% will be acquired based on an
earn-out model, over the next few years. It is an all cash deal financed by a
combination of internal accruals and foreign currency debt instruments at an
Enterprise Value of approx. £12 Mn (12 Million GBP), representing 100% of Share
Capital of the IDS Group.
The acquisition solidifies STL’s position in the cloud and
data centre market and brings access to two of the top global cloud providers
into its customer pool. This acquisition brings STL one step closer towards its
journey of expanding its addressable market to $75Bn by 2023.
“It is our endeavour to be more and more relevant to our
customers’ data network creation needs across the globe. The massive growth in
data transmission and high bandwidth applications are driving a large need for
edge compute and localised data centre, which makes this an extremely
attractive space for investment. Ben and team
have established IDS to be a very strong contender in this space, making this
acquisition extremely well aligned to our stated strategy of strengthening our
solutions to our Cloud Provider customer segment, and taking our Network
Services Business global.” said Dr. Anand Agarwal, Group CEO STL.
Ben Parker, IDS CEO said at this occasion: “We
are incredibly excited at the prospect of working together with STL to scale
our already highly successful business operations and services to support our
growing customer base. Joining the STL global platform will enable us to
fast track our expansion with the quality, scale and breadth of competencies
needed to meet our customers’ complex design and deployment requirements.”
September 25, 2019
Marks STL’s entry into
Hyper-Scale Data centre Services space
Establishes STL Network
Services’ presence globally
STL [NSE: STRTECH], a global data network solutions
company, today announced the acquisition of IDS Group, a data centre network
infrastructure design and deployment specialist based in the United Kingdom
As part of the overall transaction structure, STL will
acquire 100% stake in UK
The privately held IDS Group is a niche solution provider of
design and deployment offerings for hyper scale data centres. These solutions
are for cloud and colocation providers coupled with containment solutions for
‘inside’ data centres’ infrastructure requirements. IDS is a key partner to two
of the top four global cloud companies for their data centre connectivity needs
with one relationship extending continuously for the last ten years. The
company has a pan European presence with a dedicated partner ecosystem for
flawless execution.
The transaction is structured to acquire 100%. Out of this
80% has been acquired, and the remaining 20% will be acquired based on an
earn-out model, over the next few years. It is an all cash deal financed by a
combination of internal accruals and foreign currency debt instruments at an
Enterprise Value of approx. £12 Mn (12 Million GBP), representing 100% of Share
Capital of the IDS Group.
The acquisition solidifies STL’s position in the cloud and
data centre market and brings access to two of the top global cloud providers
into its customer pool. This acquisition brings STL one step closer towards its
journey of expanding its addressable market to $75Bn by 2023.
“It is our endeavour to be more and more relevant to our
customers’ data network creation needs across the globe. The massive growth in
data transmission and high bandwidth applications are driving a large need for
edge compute and localised data centre, which makes this an extremely
attractive space for investment. Ben and team
have established IDS to be a very strong contender in this space, making this
acquisition extremely well aligned to our stated strategy of strengthening our
solutions to our Cloud Provider customer segment, and taking our Network
Services Business global.” said Dr. Anand Agarwal, Group CEO STL.
Ben Parker, IDS CEO said at this occasion: “We
are incredibly excited at the prospect of working together with STL to scale
our already highly successful business operations and services to support our
growing customer base. Joining the STL global platform will enable us to
fast track our expansion with the quality, scale and breadth of competencies
needed to meet our customers’ complex design and deployment requirements.”
September 25, 2019
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