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Acted for Data Electronics Group Ltd on acquisition by Telecity Group Plc
Matheson acted for Data Electronics Group Limited and its shareholders in respect of the acquisition of the company by Telecity Group Plc.
The acquisition, which took place for a cash consideration of STG £87.6 million, will see Data Electronics form part of Telecity’s Irish operations upon completion.
Data Electronics is a leading Irish provider of carrier-neutral data centres, with two locations in Dublin.
Telecity, meanwhile, is one of Europe’s largest providers of data centres, and is listed on the London Stock Exchange (LSE: TCY).
The deal reflects the significant demand for connected data centre systems in Ireland, and marks a further demonstration of Dublin’s status as a key European technology hub.
As part of the transaction, the combined Irish operations will continue to be led by the existing Data Electronics management.