DataBank, a leading provider of enterprise-class edge colocation, interconnection, and managed services, announced that it has entered into an agreement to sell its five data centers in France (operating as “zColo France SAS”) to Etix Everywhere, an operator with edge data centers in France and Belgium. DataBank initially acquired the French data centers as part of the zColo transaction in 2020.
“This transaction allows DataBank to focus capital and resources on our core US market,” said Raul Martynek, DataBank‘s CEO.“ With a remaining portfolio of 65+ data centers in more than 27+ markets, we remain the leading-edge data center provider in the US with more facilities in more markets than any other provider, public or private.”
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Both DataBank and Etix Everywhere have a proven track record of successfully acquiring and integrating assets and will work together under the terms of a 6-month Transition Service Agreement (TSA) to ensure a smooth transition of all customers and operations.
The closing of the deal is subject to customary conditions and regulatory approvals.The transaction is anticipated to close by end of Q3 2023.
Guggenheim Partners is serving as financial advisor to DataBank in connection with the transaction and Delsol Avocats is serving as legal counsel. ODDO BHF is acting as the financial advisor to Etix Everywhere, and Herbert Smith Freehills is serving as legal advisor.
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