Last Updated : Wednesday, September 25, 2019 23:10:15

STERLITE TECHNOLOGIES acquires UK based Co for GBP £12 million

PUNE | AURANGABAD | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update as submitted to the Indian Exchanges, Pune | Aurangabad headquartered technology arm of Vedanta group – Sterlite Technologies Ltd said of having acquired 100% stake in Impact Data Solutions for enterprise value of GBP £12 million, the acquired entity is engaged in providing network infrastructure solutions to hyper-scale data centres and colocation providers.

The press-release as submitted by the company to the Indian Bourses titled – “STL acquires European Data Centre design and deployment Company” read that the company Marks entry into Hyper‐Scale Data centre Services space and establishes STL Network Services’ presence globally.

The release further read that, STL [NSE: STRTECH], a global data network solutions company, today announced the  acquisition of IDS Group, a data centre network infrastructure design and deployment specialist based in the United  Kingdom.

As part of the overall transaction structure, STL will acquire 100% stake in UK based Impact Data Solutions Limited (IDS)  and its affiliate, together represented as IDS Group.

The privately held IDS Group is a niche solution provider of design and deployment offerings for hyper scale data centres.

These solutions are for cloud and colocation providers coupled with containment solutions for ‘inside’ data centres’  infrastructure requirements.

IDS is a key partner to two of the top four global cloud companies for their data centre connectivity needs with one relationship extending continuously for the last ten years.

The company has a pan European presence with a dedicated partner ecosystem for flawless execution.

The transaction is structured to acquire 100%.

Out of this 80% has been acquired, and the remaining 20% will be acquired  based on an earn‐out model, over the next few years.

It is an all cash deal financed by a combination of internal accruals  and foreign currency debt instruments at an Enterprise Value of approx. £12 Mn (12 Million GBP), representing 100% of  Share Capital of the IDS Group.

The acquisition solidifies STL’s position in the cloud and data centre market and brings access to two of the top global  cloud providers into its customer pool.

This acquisition brings STL one step closer towards its journey of expanding its  addressable market to $75Bn by 2023.

“It is our endeavour to be more and more relevant to our customers’ data network creation needs across the globe. The  massive growth in data transmission and high bandwidth applications are driving a large need for edge compute and  localised data centre, which makes this an extremely attractive space for investment. Ben and team have established  IDS to be a very strong contender in this space, making this acquisition extremely well aligned to our stated strategy of  strengthening our solutions to our Cloud Provider customer segment, and taking our Network Services Business global,” – said Dr. Anand Agarwal, Group CEO STL.

Ben Parker, IDS CEO said at this occasion: “We are incredibly excited at the prospect of working together with STL to  scale our already highly successful business operations and services to support our growing customer base. Joining  the STL global platform will enable us to fast track our expansion with the quality, scale and breadth of competencies  needed to meet our customers’ complex design and deployment requirements.”


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