12th Jul 2022 12:01
Redcentric PLC - Harrogate, North Yorkshire-based IT managed services - Buys three data centres from Sungard Availability Services UK Ltd for GBP10.1 million. Says the centres will add new recovery-based services to its offering. Further, it acquires 4D Data Centres Ltd for GBP10.0 million. Says both acquisitions will increase its capability and scale. Funds the acquisitions with its recently signed GBP80 million revolving credit facility.
"During the next 6 to 9 months our focus will switch to fully integrating the acquired businesses and exploiting the meaningful cross-sell opportunities that these acquisitions bring to Redcentric. We look forward to making the most of the very significant opportunities that come with these acquisitions and to an exciting future," Chief Executive Peter Brotherton comments.
Current stock price: 122.00 pence, up 1.5% in London on Tuesday
12-month change: down 12%
By Abby Amoakuh; [email protected]
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