The $62 million acquisition of Globix Corps also includes high-speed links to the major European business hubs of Paris, Frankfurt and Madrid.

TelecityRedbus, a data center, today announced that it has completed its $62 million acquisition of Globix Corps, wholly owned UK subsidiary, Globix Holdings Ltd. 

According to the company, the merger of businesses have created the data centre with over 550,000ft2 of high tech hosting infrastructure in 19 fully fitted data centres across seven European countries. 

The acquisition also includes Globix, a provider of Internet network infrastructure, high-speed links to the major European business hubs of Paris, Frankfurt and Madrid. In addition, Globix brings one of the industry's most complete portfolios of managed services including managed hosting solutions, disaster recovery, network security and application management. 

“The acquisition of Globix UK puts TelecityRedbus in an unrivaled position. We are now able to provide new and existing customers with the most advanced data centre services in Europe,” said Mike Tobin, CEO of TelecityRedbus. “Globix has a significant presence in the market and we have combined the strengths of Globix infrastructure and employees with our own business to ensure that our customers are able to take full advantage of the burgeoning Internet market. We will continue to look at other complementary
acquisitions in the future,” continued Mike.

“Both companies had reached a similar level of maturity, and market conditions for an acquisition were favorable,” said Philip Cheek, Managing Director, Globix UK. “TelecityRedbus and Globix have extremely complementary businesses and the motivation for this deal was simply to create the leading provider of data centre services in Europe. Combining both these forces will bring huge benefits and opportunities to businesses looking to benefit from the Internet."

Mike Tobin will continue as the CEO and Philip Cheek, Managing Director of Globix UK, will be responsible for the integration of the two businesses. The Globix management team will remain with the company and take on senior positions.