NorthC enters into binding documentation to acquire German colocation provider IPX

NorthC, the leading Dutch regional colocation provider, announced the signing of an agreement pursuant to which the company will acquire IP Exchange GmbH.

The transaction includes two data centers in Nuremberg and Munich with 14,000m2, over 7 MW of power capacity, and further expansion opportunities. The data centers are connected via a redundant backbone network. IPX has a strong position in the Bavarian region, providing colocation services, connectivity and managed services to customers from numerous industries.

The acquisition enables NorthC Group to expand its activities into the German market and continue to build on its successful platform of regional data centers outside of the Netherlands. With the ongoing digital transformation, supported by IoT, AI and 5G, the company is well positioned to fulfil the needs of organisations to implement multi-hybrid cloud solutions. NorthC’s proximity to clients and customer centric approach has been an important differentiator and is fundamental to long-term customer relationships. This acquisition provides NorthC with a solid platform to create a leading regional network in Germany, similar to the Netherlands.

Alexandra Schless, CEO of NorthC, said: “The acquisition of IPX is a key milestone in NorthC Group’s expansion strategy. We are pleased to welcome the IPX team into our organization. We believe that a platform of regional data centers on a wider geographical scope provides our customers the ability to optimize their redundant infrastructure and benefit from regional ecosystems. The acquisition also allows NorthC to build on the managed services platform that IPX has been operating. Synergies between the two companies will benefit both the combined company as well as our customers.”

Completion of the transaction is subject to customary regulatory conditions. NorthC Group has been advised by ING acting as M&A advisor and Hogan Lovells serving as legal counsel on the transaction.