CyrusOne Announces Transaction To Acquire Cervalis
Portfolio to be acquired significantly enhances company’s geographic and customer diversification and strengthens product portfolio.
CyrusOne Inc. has announced the signing of a definitive agreement to acquire four data center facilities and two work area recovery facilities serving the New York metropolitan area through the acquisition of Cervalis Holdings LLC, a privately-held owner and operator of data centers. When completed, the transaction will expand CyrusOne’s existing portfolio to 31 data centers across 12 distinct markets (10 cities in the U.S., London and Singapore).
“We are really excited about this transaction and expect it to create significant strategic opportunities for our customers and benefits to our stockholders. I have known Mike Boccardi and Larry DeGeorge at Cervalis for many years and have always admired the team they have assembled and the financial services focused platform they have created in the New York Metro area,” said Gary Wojtaszek, president and chief executive officer of CyrusOne. “Their focus on serving the needs of the largest financial enterprise customers in the world will be a valuable complement to CyrusOne, and we look forward to working together to continue to grow the combined business and create value for our shareholders.”