SANTA CLARA, California, Sept. 25,
2019 /PRNewswire/ -- 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
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."
About STL - Sterlite Technologies Ltd
STL is a global
leader in end-to-end data network solutions.
We design and deploy high-capacity converged fibre and wireless
networks. With expertise ranging from optical fibre and cables,
hyper-scale network design, and deployment and network software, we
are the industry's leading integrated solutions provider for global
data networks. We partner with global telecom companies, cloud
companies, citizen networks and large enterprises to design, build
and manage such cloud-native software-defined networks.
STL has innovation at its core. With intense focus on end-to-end
network solutions development, we conduct fundamental research in
next-generation network applications at our Centres of Excellence.
STL has strong global presence with next-gen optical preform, fibre
and cable manufacturing facilities in India, Italy,
China and Brazil and two software-development
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Head – M&A and Investor Relations
SOURCE Sterlite Technologies Limited