NorthC, the largest regional data center provider in the Netherlands, has signed an agreement to acquire the data centers and connectivity services of Netrics in Switzerland. This marks NorthC’s entry into the Swiss market and its second international acquisition, following the acquisition of IP Exchange in Germany, in November of 2021.
The transaction includes three data centers – two in Münchenstein (near Basel) and one in Biel – with a total floor space of c. 13,000 m2, over 7.5MW power capacity and opportunities for further expansion. The data centers are connected via a high-speed backbone fiber-optic network and have a strong position in the Basel and Biel-Bern regions.
Via this acquisition, NorthC further expands its growing network of regional data centers in northwest Europe and this will now also allow the company to service customers operating in Switzerland. With the ongoing digital transformation and the further evolution of the cloud, IoT, AI and 5G, the company is ready to support the needs of organizations for hybrid multi-cloud solutions, colocation services and connectivity solutions, all closer to the Edge.
NorthC’s presence in the region enables the company to distinguish itself with a personal, customer-centric approach and the creation of regional ecosystems, closer to where customers work and deliver their services to end-users. This is the basis of NorthC’s long-term customer relationships. This acquisition provides NorthC with a solid platform to create a leading regional network in Switzerland, similar to its Dutch network of regional data centers.
Alexandra Schless, NorthC CEO: “The acquisition of these three data centers and connectivity services is an important next step in NorthC’s European growth strategy, following the acquisition of IPX in Germany. We are excited to welcome these activities and the highly experienced team into our organization. We are convinced that a platform of regional data centers with a wide geographic reach allows our customers to optimize their redundant infrastructure and for them to benefit from regional ecosystems. Additionally, this acquisition means that NorthC can further build on a strong fiberoptic infrastructure and to integrate the existing three data centers into NorthC. Ongoing synergy between the data centers in Switzerland and the rest of the NorthC offers opportunities for both our customers and the group to further expand and optimize our services portfolio.”
Completion of this acquisition is subject to customary terms and conditions. NorthC has been advised by Greenhill acting as M&A advisor, with Hogan Lovells and Prager Dreifuss serving as legal counsels on the transaction.