Digital Realty Completed Acquisition of Teraco
Teraco will be known as Teraco: A Digital Realty. Teraco Data Environments, the provider of colocation data centers and interconnection platforms in Africa, announced the successful completion of the previously announced agreement by Digital Realty, the global provider of cloud and carrier-neutral data center, colocation, and interconnection solutions, to acquire a majority interest in Teraco […]
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Teraco will be known as Teraco: A Digital Realty.
Teraco Data Environments, the provider of colocation data centers and interconnection platforms in Africa, announced the successful completion of the previously announced agreement by Digital Realty, the global provider of cloud and carrier-neutral data center, colocation, and interconnection solutions, to acquire a majority interest in Teraco from a consortium of investors, including Berkshire Partners and Permira.
As South Africa’s largest and most densely interconnected data center platform, Teraco supports the rapid growth of the continent’s Internet community through its expanding portfolio of data centers. Teraco’s experienced management team, growing multi-national client base, quality infrastructure, and ownership of NAPAfrica, the continent’s largest Internet Exchange Point, are key differentiators that position the company for sustainable growth.
The acquisition of Teraco adds South Africa to Digital Realty’s three markets on the continent, including Kenya, Mozambique, and Nigeria. The strategic importance of these four markets has been enhanced by the recent and ongoing implementation of new subsea cable networks encircling Africa. Combined with Digital Realty’s facilities, clients now have access to a choice of strategic connectivity and interconnection platforms that serve all corners of the African market.
“Teraco has made significant progress in achieving our strategic objectives, including improving the connectivity and accessibility of our data centers, in supporting the rapid digital transformation in the region,” said Jan Hnizdo, Chief Executive Officer, Teraco. “Africa is poised to remain a high growth, high-demand area for data center solutions. Our combined, diversified platform will further enable us to support our customers in the pan-Africa region and worldwide.”
“We are excited to complete this transformative transaction that positions Digital Realty as the premier data center and connectivity provider on the high-growth African continent,” said William Stein, Chief Executive Officer, Digital Realty.
