Digital Realty acquires majority stake in Teraco

Teraco Data En Environments has announced the successful completion of a previously announced agreement by Digital Realty to acquire a majority stake in the company from a group of investors, including Berkshire Partners and Permira.

Digital Realty is the world’s largest provider of cloud data centers, carrier neutral, co-location and interconnection solutions. With the acquisition complete, Teraco will be known as Teraco: A Digital Realty Company.

The acquisition of Teraco adds South Africa to Digital Realty’s three markets on the continent, including Kenya, Mozambique and Nigeria.

“The strategic importance of these four markets has been enhanced by the recent and ongoing implementation of new submarine cable networks that surround Africa. Combined with Digital Realty’s highly connected facilities, customers now have access to a suite of strategic connectivity and connectivity platforms serving all corners of the African market.

As the largest and most connected data center platform in South Africa, Teraco supports the rapid growth of the Internet community on the continent through its expanding portfolio of data centers, the group said.

Teraco’s experienced management team, growing multinational client base, quality infrastructure and ownership of NAPAfrica, the continent’s largest internet exchange point, are the key differentiators that position the company for sustainable growth.

“Africa is poised to remain a region of high growth and high demand for data center solutions. Our compact and diversified platform will enable us to support our customers in the Pan-African region and across the world,” said Jean Henizdou, CEO of Teraco.

Read: Digital Realty Acquires Majority Stake in Teraco

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