IDS Group Data Center Technology The consultancy is acquired by Hexatronic

Share This Post

  • Hexatronic Group AB (publ) (“Hexatronic”) today signed an agreement to acquire 90% of the shares of Impact Data Solutions Limited (“IDS”, “IDS Group” or “Company”) on September 26, 2022 Did. The acquisition will close on October 3, 2022. IDS Group provides consulting, design and installation of fiber, copper and containment solutions to support data center and colocation projects. In addition, IDS has a Managed Services Department that provides quality engineering to support smart hand services such as racking, stacking, cabinet placement, patching and auditing.

The IDS Group is based in London, UK and employs around 40 people. The company serves customers across EMEA and has a turnover of around £13m. The acquisition expands his Hexatronic offering in the data center market and brings it to EMEA. IDS will work closely with US-based Data Center Systems (“DCS”), which he acquired by Hexatronic in September 2021.

The seller is Mauritius-based Sterlite Global Venture Limited, a wholly owned subsidiary of Sterlite Technologies Limited, which sells 80% of IDS’s shares, and the original founder of IDS, which sells 10% of IDS’s shares. His remaining 10% stake in IDS is held by IDS Group CEO Benjamin Parker. Hexatronic has an option to acquire the remaining 10% interest from 2026 to 2029.

The acquisition will be financed with available cash.

Comment from Hexatronic CEO

This acquisition will not have a material impact on Hexatronic’s earnings.

“IDS has a proven track record of working with the most demanding data center customers and will play a key role in the growth of Hexatronic’s data center business. increase.”

Read More:

Partnership Between Mitsubishi Electric and Nozomi Networks Strengthens Operational Technology Security Business

Mitsubishi Electric and Nozomi Networks Partnership Mitsubishi Electric and Nozomi...

Solidion Technology Inc. Completes $3.85 Million Private Placement Transaction

**Summary:** 1. Solidion TechnologyInc. has announced a private placement deal...

Analyzing the Effects of the EU’s AI Act on Tech Companies in the UK

Breaking Down the Impact of the EU’s AI Act...

Tech in Agriculture: Roundtable Discusses Innovations on the Ranch

Summary of Tech on the Ranch Roundtable Discussion: ...

Are SMEs Prioritizing Tech Investments Over Security Measures?

SMEs Dive Into Tech Investments, But Are...

Spotify Introduces Music Videos for Premium Members in Chosen Markets

3 Summaries of Spotify Unveils Music Videos for Premium...

Shearwater to Monitor Production at Equinor’s Two Oil Platforms

Shearwater GeoServices secures 4D monitoring projects from Equinor for...

Regaining Europe’s Competitive Edge in Innovation: Addressing the Innovation Lag

Europe’s Innovation Lag: How Can We Regain Our Competitive...

Related Posts

Government Warns of AI-Generated Content: Learn More about the Issue

Government issued an advisory on AI-generated content. All AI-generated content...

Africa Faces Internet Crisis: Extensive Outage Expected to Last for Months, Hardest-Hit Nations Identified

Africa’s Internet Crisis: Massive Outage Could Last Months, These...

FTC Investigates Reddit for AI Content Licensing Practices

FTC is investigating Reddit's plans...

Journalists Criticize AI Hype in Media

Summary Journalists are contributing to the hype and...