TelecityGroup Acquires Manchester Facility
August 2nd, 2010 By: Rich Miller
European data center and colocation provider TelecityGroup has acquired Internet Facilitators Limited (IFL), a carrier neutral data center in Manchester, UK, for £21.1million ($33.4 million US dollars).
TelecityGroup said it is expanding its presence in business centers across Europe and Manchester offers prospects for significant growth. The company said IFL represents “a unique opportunity for TelecityGroup and offers a complementary strategic fit with the group’s existing presence in the city.”
The IFL data center facility in Manchester will add 1,600 square meters (17,200 square feet) and 1.4 megawatts of power capacity to the existing TelecityGroup campus, and offers the potential for significant further growth.
“IFL has an excellent track record in winning and supporting great customers. They have proven operational excellence, driven by a great team of employees and we look forward to welcoming them to TelecityGroup as we work together going forward,” said Adriaan Oosthoek, TelecityGroup Country Manager for UK & Ireland.
Separately, TelecityGroup announced revenue of £93.7 million ($148 million) for the six months ended June 30, up 13.9 percent over the previous year. EBITDA improved by 29 percent to £37.9 million ($60 million US) and adjusted profit after tax was up 30.4 percent at £17.6 million ($27.8 million).
“Yet again the Group has delivered a strong set of results with good growth in revenue, EBITDA, adjusted earnings per share and cash flow from operations,” said Michael Tobin, CEO of TelecityGroup. “We have continued to consolidate our leading position in Europe with capacity additions in a number of locations across Europe.”