Hexatronic acquires the data center specialist Impact Data Solutions
September 26 2022 - 12:30PM
Hexatronic acquires the data center specialist Impact Data
Solutions
Press release September 26, 2022Gothenburg, Sweden
Hexatronic acquires the data center
specialist Impact Data Solutions
Hexatronic Group AB (publ) (“Hexatronic”) has today, September
26, 2022, signed an agreement to acquire 90% of the shares in
Impact Data Solutions Limited (“IDS”, “IDS Group” or “the
Company”). The acquisition will be completed on October 3,
2022.
IDS Group offers consultation, design, and installation of
fiber, copper, and containment solutions to support data center and
colocation projects. In addition, IDS has a managed services
division that supplies quality engineering to support smart hands
services such as racking, stacking, cabinet placement, patching,
and auditing.
IDS Group is based out of London, UK, and has approximately 40
employees. The Company serves customers across EMEA with revenues
of approximately GBP 13 million.
The acquisition broadens Hexatronic’s offering within the data
center market and takes the offering into EMEA. IDS will work
closely with US-based Data Center Systems (“DCS”) which Hexatronic
acquired in September 2021.
The sellers are Sterlite Global Venture Limited based in
Mauritius, a wholly owned subsidiary of Sterlite Technologies
Limited, selling 80% of the shares in IDS and the original founders
of IDS, selling 10% of the shares in IDS.
The remaining 10% of the shares in IDS are held by Benjamin
Parker, CEO of IDS Group.
Hexatronic has an option to acquire the remaining 10% of the
shares over the period 2026-2029.
The acquisition is financed with available cash.
The acquisition has no significant impact on Hexatronic’s
earnings.
“We are very pleased to welcome IDS to Hexatronic Group. IDS has
a proven track record of working with the most demanding data
center customers and will play a key role in growing Hexatronic’s
data center business” says Henrik Larsson Lyon, CEO of Hexatronic
Group.
“Joining Hexatronic Group AB is a momentous event for IDS,
increasing the already expansive footprint across EMEA, with
Hexatronic and DCS we are now able to offer our services truly
globally. Our unique pedigree in Design, IT Infrastructure builds,
Smart Hands services and Vulcan Global Containment is recognized
and used daily by the world’s leading Corporations and by the
largest Hyperscale Data Centre operators, the move to be part of
Hexatronic will strengthen our position to become a global market
leader in Data Centre Services” says Benjamin Parker, CEO of
IDS.
Gothenburg, September 26, 2022
Henrik Larsson LyonCEO Hexatronic Group
For more information, please
contact:Henrik Larsson Lyon, CEO
Hexatronic Group, +46 706 50 34 00Pernilla Lindén, CFO
Hexatronic Group, +46 708 77 58 32
The information was submitted for publication, through the
agency of the contact person set out above, at 18:30 CEST on
September 26, 2022. This is a translation of the Swedish version of
the press release. When in doubt, the Swedish wording prevails.
Hexatronic creates sustainable networks all over the world. We
partner with customers on four continents – from telecom operators
to network owners – and offer leading, high-quality fiber
technology for every conceivable application. Hexatronic Group
(publ.) was founded in Sweden in 1993 and the Group is listed on
Nasdaq OMX Stockholm. Our global brands include Viper, Stingray,
Raptor, InOne, and Wistom®.
- 2022-09-26 Hexatronic acquires data center specialist Impact
Data Solutions Limited
Hexatronic Group Ab (LSE:0RDH)
Historical Stock Chart
From Jun 2024 to Jul 2024
Hexatronic Group Ab (LSE:0RDH)
Historical Stock Chart
From Jul 2023 to Jul 2024