ref="http://www.cityam.com/company/telecity-group">TELECITY Group, the British data centre operator, yesterday said that 2013 had got off to a promising start as it announced the £25m purchase of Sadece, an Istanbul-based operator.
The company, which has expanded its portfolio of sites in recent months to meet the growing demand for information processing amongst its corporate clients, said that despite difficult economic conditions in Europe, it had experienced “solid order book growth” on the continent as well as in the UK.
The company recently completed the expansion of its flagship data centre in London’s docklands, and last year purchased Finnish operator Academica for €28m (£23.7m). Academica is set to be a valuable commodity since much of Russia’s growing internet traffic flows through Finland.
Telecity said the Sadece acquisition, which could rise to £29m based on performance, would open it up to another expanding region. “Turkey is a fast-developing market with the prospect of becoming a major internet hub, due both to its large and rapidly growing domestic digital economy and its unique strategic location between Europe and Asia,” it said.