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New Deal


Announced

NorthC to acquire Winterthur data center from Kyndryl.

Financials

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

Tags

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Switzerland

Cross Border

Infrastructure

Private

Friendly

data center

Data Centers and Hosting

Acquisition

Majority

Pending

Single Bidder

Synopsis

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NorthC, a provider of data center, cloud connect, connectivity, and colocation services and solutions, agreed to acquire Winterthur data center from Kyndryl, an information technology infrastructure services provider. Financial terms were not disclosed. “With this new location we continue to expand our activities in the DACH region. This will be the 17th NorthC data center, located in an important growth market, the Zurich region. We see the continuous need for digitisation within enterprises and public organisations, which drives the demand for data center services. As in our other data centers in the Netherlands, Germany and Switzerland, we will build an ecosystem of regional IT partners in the Zurich area, in order to support local businesses with their digital transformation. Of course, we will also bring our key NorthC values to this data center, such as our focus on sustainability and strong, personal customer relations,” Alexandra Schless, NorthC CEO.

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