Data center assets are acquired together with a long lease for the property.

IX Europe plc, the Europe based data center service provider, today announced that it has acquired its eleventh data center, in Munich.

The 11,600m2 Munich data center, the Group's fourth in Germany, was built in 2000 for KPNQwest at a cost in excess of £17 million to provide approximately 4,600m2 of net data center space. The data center assets has been acquired together with a long lease for the property.

IXEurope plans to invest approximately £1 million (€1.5 million) on refurbishing and upgrading the Munich data center to bring the operational infrastructure in line with that of the Group's other data centers. The site, which will be opened in phases over the next 12 months, is expected to become EBITDA positive within a short period and to have an overall positive effect on Group 2006 EBITDA.

Guy Willner, Chief Executive Officer of IXEurope said, "The purchase of this substantial enterprise quality data center in Munich and the signing of our first major customer for the facility demonstrate our ability to acquire data centers at attractive prices with the support and trust of existing customers."