CORDIANT ANNOUNCES THE ACQUISITION OF DATAGRYD DATACENTERS AND EMITEL

Publishing Date: Jan 06, 2022

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CORDIANT ANNOUNCES THE ACQUISITION OF DATAGRYD DATACENTERS AND EMITEL

PRESS RELEASE: Cordiant Digital Infrastructure announced that the group has entered into binding agreements to acquire a strategic interconnect data centre in New York and the Polish digital infrastructure operator Emitel.

The first acquisition is DataGryd Datacenters, for a consideration of USD 741 million, fully funded from the company's available cash resources. These assets will constitute a data centre operating platform in the US that will operate under a new brand name reflective of both its strategic positioning and significant growth potential in this important interconnect market, Cordiant said.

More than half of DataGryd's existing footprint is leased to blue chip customers. It is anticipated that an additional USD 75 million of expansion capital will be invested in this interconnect platform over the coming three years. The acquisition is subject to landlord's lender consent.

In Poland, Cordiant will acquire Emitel for GBP 352 million. Based in Warsaw, Emitel operates over 500 mobile towers, the national broadcast network, five digital terrestrial networks, a nationwide network of wireless “smart city” sensors serving utilities and a nationwide fibre network traversing tens of thousands of kilometres.

The acquisition is subject to regulatory and governmental approvals and financing confirmations at the Emitel level. On completion, the acquisition will be funded through a combination of available cash resources and, if applicable, backstop vendor financing.

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