The storage and information management services company, Iron Mountain Incorporated, is set to acquire EvoSwitch Netherlands B.V and EvoSwitch Global Services B.V for $235 million. For total potential capacity of 34 MW out of which 11 MW of existing data center capacity in the Netherlands which is 100% leased and the remaining 23 MW of expansion capability, the acquisition expands the company’s presence in Amsterdam Area which is also the second largest European Data Center Market.
EvoSwitch is operating one of the largest colocation facilities centers in the Metropolitan region Amsterdam and is also a leading global brand and provider of multi- tenant data center space. EvoSwitch was founded in 2007 and its existing campus supports more than 50 connectivity and telecommunication providers, including world-leading internet exchanges, such as the Amsterdam Internet Exchange AMS-IX. The MRA happens to be a critical node in the FLAP (Frankfurt, London, Amsterdam, and Paris) data center market. The FLAP market totaled approximately 1160 MW at the end of 2017. Amsterdam experienced net absorption of more than 21 MW which makes it the second largest data center market in Europe and also makes it a Top 5 global market. Iron Mountain’s acquisition of EvoSwitch will assist Iron Mountain to ease into the FLAP market.
EvoSwitch has two locations in MRA which are 150000 square feet facility and the second one is approximately 57000 square foot facility.
According to Mark Kidd, senior vice president and general manager, Iron Mountain Data Centers:
“We are pleased to welcome the EvoSwitch team and its customers to Iron Mountain. The seasoned management team has operated in the data center business for more than 11 years and delivered consistent growth. EvoSwitch NL’s focus on security, energy efficiency and its solid track record of continuous uptime is a great fit with our existing data center organization. When combined with current and potential capacity in Iron Mountain’s existing data center portfolio, our total portfolio now represents more than 285 MW across many of the most attractive and highest net absorption markets in the U.S. and globally.
Having established our significant international data center platform through both recent transactions and organic growth, we look forward to continued integration of the business, and our near-term growth will be primarily from the development of new space in the attractive global markets where we have a presence.”
Eric Boonstra, chief executive officer, EvoSwitch also added the following about the acquisition:
“We look forward to combining our EvoSwitch NL business with that of Iron Mountain Data Centers, which shares our commitment to customer service and operational excellence. This transaction represents an opportunity for us to extend relationships with our existing customers by providing data center expansion capacity in important continental European markets, and the potential to provide capacity in the important Amsterdam region to Iron Mountain’s legacy data center customer base.”
Leaseweb founder and CEO Con Zwinkels also added the following:
“We share Eric’s enthusiasm for this acquisition of EvoSwitch NL. As a global cloud hosting company serving more than 17,500 customers worldwide, it is important for us to accommodate their growing needs. Through this transaction, Leaseweb has improved access to a broad portfolio that includes Iron Mountain’s data centers around the globe. We are pleased to be partnering with a company that has such a strong reputation for security and reliability.”
About EvoSwitch NL
Headquartered in the Netherlands, EvoSwitch NL is part of the O com Group and is the largest privately owned internet service company in Europe. Founded in 2007, EvoSwitch NL has built up a diverse ecosystem of telecommunications carriers and network service providers that help customers connect cost-effectively and with confidence.
About Iron Mountain
Founded in 1951, Iron Mountain Incorporated is the global leader for storage and information management services. Iron Mountain Incorporated is trusted by more than 225000 organizations around the world and it has a real estate network of more than 85 million square feet across more than 1,400 facilities in over 50 countries. Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts