Sale of EvoSwitch to Iron Mountain
Ocom has closed a transaction with Iron Mountain (listed on NYSE) regarding the sale of its Dutch EvoSwitch data center business for USD 235 million (EUR 205 million).
The deal also includes a future revenue credit of USD 25 million to Leaseweb, Ocom’s cloud hosting company with operations in 35 countries.
The transaction provides Iron Mountain with 11 megawatts (MW) of existing data center capacity in the Netherlands, with expansion capability of an additional 23 MW.
Founded in 2007, EvoSwitch NL provides multi-tenant data center space, operating one of the largest colocation facilities centers in the Metropolitan Region Amsterdam (MRA), which is the second largest data center market in Europe and a top 5 global market. Its existing campus supports more than 50 connectivity and telecommunication providers, including world-leading internet exchanges, such as the Amsterdam Internet Exchange AMS-IX. Quore Capital acted as sole financial advisor to the shareholders of EvoSwitch.
- Client: Ocom
- Target: EvoSwitch
- Buyer: Iron Mountain
- Seller: Ocom