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CyrusOne Inc. acquires Zenium

Synopsis

CyrusOne Inc., a premier global data center REIT, acquires Zenium Technology Partners, a leading hyperscale data center provider in Europe, from Quantum Strategic Partners, a private investment fund for USD442m. “This transaction establishes a significant presence for us in Europe’s two largest data center markets and provides a platform to scale to meet the strong demand across the continent,” said Gary Wojtaszek, president and chief executive officer of CyrusOne. “The Zenium team is experienced and well-respected with particular expertise leasing to hyperscale companies, and they have built an outstanding, fast-growing company. The capacity for further growth at their existing locations remains substantial, allowing us to nearly double the size of their business, and we will be able to leverage the European infrastructure to expand within London and Frankfurt and into new markets in an efficient, cost-effective manner.”

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