DWS Group-backed Stellanor Datacenters Group to acquire Redcentric Data Centres from Redcentric for £127m.

DWS Group-backed Stellanor Datacenters Group, a flexible data centers built for enterprises, IT cloud service providers, institutions, and government organisations, agreed to acquire Redcentric Data Centres, a data center business, from Redcentric, a managed service provider offering a range of IT services, including cloud and hosting, networks and connectivity, collaboration, and security, for £127m. "We are pleased to announce today the disposal of RDC to Stellanor which is a positive outcome for Redcentric and our shareholders. The completion of the DC sale will allow management to focus squarely on the MSP business which has a very strong brand and market position in both the public and private sectors. I am excited at the prospect of driving revenue and margin expansion in the years ahead, which I am confident we will deliver strong returns and shareholder value," Michelle Senecal De Fonseca, Redcentric CEO.