TelecityGroup acquires Data Electronics in €101m deal

EUROPE’s largest data centre provider, TelecityGroup, has acquired one of the leading players in the Irish market — Data Electronics — for £87.6 million (€101m) in cash.

The deal will see the Irish firm eventually re-branded as Telecity Ireland and will significantly enhance the London-based group’s presence in Ireland, which has existed since 2001.

Telecity chief executive Michael Tobin emphasised the value of a strong Irish operation for the British company, by saying the deal offers it growth potential “in a location where we have, for some time, been capacity constrained and which many international companies view as their preferred entry point into Europe.”