TelecityGroup, a large data center operator headquartered in the UK, announced its intention to buy European and New York listed Interxion operator data center in an all-share-deal worth £ 1.4 billion. key benefits of the proposed combination would include improving complementary customer offerings and an expanded geographic footprint of the combined group, giving customers access to the combined portfolio of services across Europe .
advice Interxion and TelecityGroup believe that the combination of Interxion and TelecityGroup companies is very convincing, as they also see a significant synergy potential. EBITDA incremental cost synergies and improved growth opportunities are estimated by TelecityGroup to about £ 40 million a year and synergies capital expenditures are estimated by TelecityGroup to have a net present value of approximately £ 300m. In total, this would amount to a net present value of total synergies of around £ 0m.
In addition, TelecityGroup expects substantial additional benefits technology, capital productivity and commercial synergies , as well as tax and other financial synergies and better access to capital markets and the possibility of a lower cost of capital.
transition to the cloud
"Bringing the assets and solutions from Interxion Telecity and will improve the ability of our customers to realize the benefits of the transition to the cloud, "said Interxion CEO David Ruberg . "Together, we expect to be able to further reduce the total cost of the operation our customers, helping them to provide enhanced functionality to their customers, and provide quality of service leading the industry."
under the terms of the non-binding agreement, Interxion shareholders would receive 2.3386 new shares TelecityGroup Interxion per share. therefore, Interxion shareholders would be about 45% owners, and TelecityGroup shareholders about 55% of the combined group. the primary listing for the combined group would be in London with New York Stock Exchange list the existing ADR program TelecityGroup planned for.
completion expected in the second half of 2015, subject to Interxion and TelecityGroup shareholder approval and all relevant approvals from regulatory and competition.
Based in the Netherlands, Interxion offers a wide range of customers through 39 data centers in 11 European countries . With over 500 connectivity providers, cloud providers 400 and 20 European Internet exchanges its footprint, Interxion has created connectivity, cloud, content and financial hubs that foster growing communities of interest customers.
Headquartered in London, TelecityGroup operates data centers in prime locations across Europe, including Amsterdam, Dublin, Frankfurt, Helsinki, London, Manchester, Milan, Paris and Stockholm
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