Teraco acquired by Digital Realty

Creates the leading colocation and interconnection provider in Africa.

1 year ago Posted in Hosting + Colocation

Teraco Data Environments, provider of colocation data centres and interconnection platforms in Africa, has announced the successful completion of the previously announced agreement by Digital Realty (NYSE: DLR), the largest global provider of cloud and carrier-neutral data centre, colocation and interconnection solutions, to acquire a majority interest in Teraco from a consortium of investors, including Berkshire Partners and Permira.

As South Africa’s largest and most densely interconnected data centre platform, Teraco supports the rapid growth of the continent’s Internet community through its expanding portfolio of data centres. Teraco’s experienced management team, growing multi-national client base, quality infrastructure and ownership of NAPAfrica, the continent's largest Internet Exchange Point, are key differentiators that position the company for sustainable growth.

The acquisition of Teraco adds South Africa to Digital Realty’s three markets on the continent, including Kenya, Mozambique, and Nigeria. The strategic importance of these four markets has been enhanced by the recent and ongoing implementation of new subsea cable networks encircling Africa. Combined with Digital Realty’s highly connected facilities, clients now have access to a choice of strategic connectivity and interconnection platforms that serve all corners of the African market.

“Teraco has made significant progress in achieving our strategic objectives, including improving the connectivity and accessibility of our data centres, in supporting the rapid digital transformation in the region,” says Jan Hnizdo, Chief Executive Officer, Teraco. “Africa is poised to remain a high growth, high-demand area for data centre solutions. Our combined, diversified platform will further enable us to support our customers in the pan-Africa region and worldwide.”

"We are very excited to complete this transformative transaction that positions Digital Realty as the premier data centre and connectivity provider on the high-growth African continent,” says A. William Stein, Chief Executive Officer, Digital Realty. “Today’s milestone gives us significant regional scale and access to a premier, high-quality portfolio in Africa’s largest market, enhancing our ability to serve growing customer demand for connectivity in the region. We’re thrilled to strengthen our global platform and deepen our commitment to investing in Africa as we capitalise on the tremendous opportunity in the region.”

Macquarie Capital lead investor in KevlinX Data Centres

Macquarie Capital as lead investor and Flemish investment company PMV and infrastructure fund EPICo² , have become majority investors into KevlinX, a pan-European data centre platform that has now commenced construction of its first data centre in Brussels, Belgium.

Kao Data appoints David Bloom as new Chairman

Founding investor with demonstrable track record in data centre and digital infrastructure investments joins Kao Data’s leadership team to oversee the next phase of growth in line with the company’s strategic plans to scale into new European markets.

Tier III for Angola

Raxio Group lays the foundation stone for the construction of Angola's first independent Tier III state-of-the-art neutral data centre.

Host-IT expands with two further UK data centres

Colocation, rack space and cloud services provider, Host-IT, is pleased to announce the opening of data centres in Bristol and Nottingham bringing the total to four in the UK. This number is expected to grow during the rest of 2023 and 2024.

DE-CIX and DCX unite forces

DE-CIX has revealed its exclusive partnership with DCX.us Data Center, a premier provider of fully managed hyper-density colocation solutions purpose-built for high-performance computing, artificial intelligence, and mission-critical applications. Currently taking pre-orders, this groundbreaking collaboration brings together the renowned interconnection capabilities of DE-CIX and DCX's state-of-the-art hyper-density data center in the Phoenix area.