TelecityRedbus To Acquire Globix UK
August 21, 2006 — (WEB HOST INDUSTRY REVIEW) — Web hosting provider Globix (globix.com) announced on Monday it has signed a definitive agreement to sell its wholly-owned subsidiary Globix Holdings UK to colocation and data center services provider TelecityRedbus (telecityredbus.com).
The transaction, expected to close in three weeks, will see TelecityRedbus pay £33 million for Globix UK and its associated pan-European network, which extends to the core business hubs of Paris, Amsterdam, and Frankfurt.
TelecityRedbus will also acquire two high-specification data centers, totaling 40,000 square feet in central London, an Internet network infrastructure, a comprehensive portfolio of managed services and Globix’ team of technical and management specialists. TelecityRedbus projects a combined turnover of at least £76 million for 2006.
“The acquisition of Globix UK will enable new and existing customers to take advantage of one of Europe’s most advanced data center networks,” says Mike Tobin, CEO of TelecityRedbus. “Few other players can claim such an advanced portfolio of high-tech data centers, Internet infrastructure and managed services, supported by such a well-respected team of technical consultants and account managers.”
