20th Dec 2023 11:28
Cordiant Digital Infrastructure Ltd - investment firm focused on digital infrastructure assets - Notes that Czech portfolio company Ceske Radiokomunikace AS agrees to buy a pair of businesses from Aricoma AS in the data centre and cloud services market, Cloud4com and DC Luzice. The transactions are expected to close in early January. Cloud4com is being bought for CZK870 million, around GBP30.5 million, with a further amount payable of up to CZK485 million, depending on Cloud4com's earnings before interest, tax, depreciation and amortisation for 2024. It is expected to generate CZK155 million in revenue for 2023. Ceske buys DC Luzice for around CZK130 million. Cordiant Chair Steven Marshall says: "We are delighted to have agreed to acquire these attractive data centre assets, which are being funded by organic cash flow at CRA. These transactions are highly complementary to CRA's existing data centre and cloud businesses, enhancing CRA's market leading position in its respective areas of operations and further demonstrating our active management approach through our 'Buy, Build and Grow' strategy." Read More
