Press Releases

TelecityGroup and Interxion reach definitive agreement on all-share merger

March 09
12:18 2015

London and Amsterdam – TelecityGroup plc and Interxion Holding N.V., each a provider of data centres in Europe, announce that they have entered into a definitive agreement on an all-share merger on the same terms as announced on 11 February 2015. The transaction will be structured as an offer by TelecityGroup to acquire all the issued and to be issued share capital of Interxion.

The boards of TelecityGroup and Interxion believe the combination of the two businesses is strategically compelling. Demand for data centre services is evolving rapidly as enterprise data and digital applications migrate to the cloud. The additional geographic scope and financial scale of the combined business will provide customers with more robust connectivity choices and cloud platforms, and will be better positioned to service the needs of global data centre customers.

TelecityGroup Executive Chairman John Hughes said: “Today is another important step in the transformational merger of TelecityGroup and Interxion to create a leading data centre services platform that will be well-positioned to address global markets. This merger is underpinned by significant value creation potential and I am pleased to confirm that we are delivering on our commitment to create value and returns for shareholders with the initiation of a share buy-back programme upon closing of the transaction of up to £800 million. I look forward to the completion of this merger and working with our colleagues at Interxion.”

Interxion Chief Executive Officer David Ruberg said: “The combination of Interxion and TelecityGroup leverages the core strengths of both companies, providing the opportunity to drive growth and capture a greater share of the expanding global data centre market. Together, we will have the enhanced scale and scope to further develop communities of interest and provide our customers with greater product choice, solutions and connectivity as European cloud adoption develops. I look forward to working with the TelecityGroup team as we capitalise on the significant growth opportunities ahead and deliver additional value to our customers, partners and investors.”

Interxion Chairman John Baker said: “This is a compelling combination that delivers meaningful value for shareholders. Interxion shareholders further benefit from the opportunity to participate in the significant upside of the combined group, which will be strongly positioned to deliver on its strategic objectives.”

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