NTT Communications (NTT Com) will acquire 86.7% of issued shares in e-shelter, an operator of data center services in Germany.
The acquisition will make NTT the third largest data centre presence in Europe.
e-shelter manages approximately 90,000 square metres of data center space in four major German cities, including Campus Frankfurt 1, Europe’s largest data centre with some 60,000 square metres of space. It also possesses space in Zurich, Switzerland and Vienna, Austria.
e-shelter data centres service multinational enterprises working in finance, ICT services, government, healthcare, telecommunications and digital media.The company’s infrastructure includes its own 120 MW electrical substation for stable.
NTT Com hopes the acquisition will strengthen its ability to meet increasing European demand for data centre and cloud services and allow it to provide more efficient services to migrate customer systems to the cloud. The EU data center market is growing at 9% annually, according to the research firm Gartner.
NTT Com operates 130 data centres worldwide and it already has a European presence in the UK, France, Germany and Spain.
"As our multinational customers expand beyond EU borders, and undergo rapid ICT evolutions, they are increasingly demanding globally seamless ICT solutions," says Rupprecht Rittweger, CEO of e-shelter.
To meet their demands ahead of our competitors, we believe that the best way to ensure e-shelter’s growth and development is in partnership with NTT Com, which has a commanding presence in Asia and is a leading provider of ICT services worldwide. At the same time, we look forward to strengthening NTT Com’s global ICT infrastructure and market share with our strong presence in Europe."
Currently, Investa owns 51% of e-shelter’s issued shares and the remaining shares are owned by ABRY Partners. NTT Com will provide more than half of e-shelter’s new board of directors.