Cordiant Digital Infrastructure has acquired two businesses in the cloud and data center sector.
Through its Czech portfolio company České Radiokomunikace (CRA), Cordiant has acquired cloud services provider Cloud4com and data center company DC Lužice.
A Tier-III data center, DC Lužice is being acquired for CZK130 million ($5.8m), while Cloud4com is being acquired for an initial CZK 870 million ($39m) and a further amount payable up to a maximum of CZK 485 million ($21.7m).
The transactions are being funded by CRA's existing cash resources, and are expected to close in early January 2024.
The DC Lužice data center is located in the "digital Danube" triangle centered on Brno-Vienna-Bratislava. The facility has the capacity to house 85 racks, 32 percent of which are currently leased.
Cloud4com provides private cloud and associated services to customers, enabled by the Virtix software platform.
"These acquisitions mark an important step in CRA's continued growth in the Czech data center and cloud services market. They add capabilities and capacity to an already strong team. This market segment is increasingly important to CRA's revenue mix," said Benn Mikula, CEO of Cordiant Capital.
Steven Marshall, chairman of Cordiant Digital Infrastructure Management added: "We are delighted to have agreed to acquire these attractive data center assets, which are being funded by organic cash flow at CRA. These transactions are highly complementary to CRA's existing data center and cloud businesses, enhancing CRA's market-leading position in its respective areas of operations and further demonstrating our active management approach through our 'Buy, Build and Grow' strategy."
Cordiant Digital Infrastructure has made other acquisitions this year alone, including Ireland's Speed Fibre, and Norkring Belgie, a Belgium tower company.
The company closed its acquisition of DataGryd last year, before renaming the company Hudson Interxchange. Cordiant has also acquired Ceské Radiokomunikace (CRA) from funds of Macquarie in the Czech Republic, as well as an undisclosed long-haul fiber-optic network based in Norway, and Polish digital infrastructure company Emitel.
