ST Telemedia Global Data Centres (STT GDC) today announced that VIRTUS Data Centres (VIRTUS) is now a subsidiary of STT GDC following the acquisition of Brockton Capital's entire stake in VIRTUS.
STT GDC's strategic investment will ensure that VIRTUS is well placed to execute on its strategic growth plans within the UK and in new European markets. In addition, VIRTUS will be able to further leverage on STT GDC's resources and expertise for expansion and global customer acquisition purposes.
VIRTUS is part of the STT GDC network which comprises over 50 top-tier data centres in key economic hubs, including China, India, and Singapore.
Since STT GDC's entry into the business in 2015, VIRTUS has expanded quickly from operating two data centre assets to a significant colocation platform operating four high quality facilities. VIRTUS has also announced plans for two new adjacent facilities near Stockley Park to form London's largest data centre campus and strengthen VIRTUS' position as one of the key hybrid colocation providers in the London metro area.
Commenting on the acquisition, Sio Tat Hiang, Chairman of ST Telemedia Global Data Centres, said, "We are seeing a burgeoning demand for colocation in the UK and European data centre market, and there is no better time than now to expand our presence there supporting our customers' growth plans. The acquisition reflects our commitment and continued confidence in the key UK and European economies. Through this acquisition, we hope to further cement our footprint in the UK, as well as accelerate growth for both STT GDC and VIRTUS."
Neil Cresswell, Chief Executive Officer of VIRTUS Data Centres, said, "We are thrilled to deepen our relationship with STT GDC who share the same goals as us - to deliver world-class infrastructure and service to our customers, to be the top player in the market and to continue to grow the portfolio to meet the ever increasing customer demands. This transaction will help VIRTUS continue to thrive in our market and fuel our growth plans. With STT GDC's continued support, VIRTUS remains committed to supporting our customers with flexible and cost-efficient solutions at scale."
Simon Samuels, Partner at Brockton Capital, said, "VIRTUS has experienced rapid growth in the last few years and we are extremely pleased with the company's performance. We have enjoyed a fantastic partnership with STT GDC and are proud of the development of the VIRTUS business to where it is today. We are confident the business is in good hands to continue its trajectory in a high growth market."