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New Deal


Announced

Switch to acquire Data Foundry for $420m.

Financials

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Transaction Value£303m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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IT Services: Other

network

Private

United States

Pending

it services

Acquisition

Friendly

Majority

Domestic

Single Bidder

Synopsis

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Switch, an exascale technology infrastructure corporation, agreed to acquire Data Foundry, a provider of information technology services, for $420m. “The Data Foundry acquisition extends Switch’s national reach and enhances our ability to serve Texas and the Central US region with low latency connectivity, while also providing critical geographic and revenue diversification with robust expansion potential to accelerate long-term growth and value creation," Rob Roy, Switch Founder and CEO.

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