Vocus expands Western Australian presence with acquisition of the Bentley Data Centre
Posted on August 13, 2014
Vocus Communications Limited (ASX: VOC) is pleased to announce it has expanded its data centre presence in Western Australia by entering into an agreement to buy the state of the art Bentley Data Centre from ASX listed IT solutions provider ASG Group Limited (ASX:ASG).
The data centre is located on the fringes of the Perth CBD in the Bentley Technology Park and is approximately 4km from Vocus' existing Perth data centre. The Bentley Data Centre opened in 2011 and services some of Australia's largest mining and utilities companies under long term contracts.
ASG is also a tenant of the data centre providing hosting services to their managed services clients. As part of the acquisition, Vocus will become preferred supplier to ASG for all telecommunications services both locally in Perth and across Australia.
The purchase price for the data centre is $11.7m and is funded from existing cash resources. The acquisition is forecast to generate annualised EBITDA of approximately $2.0 million and to be EPS accretive in the first year.
Vocus CEO, James Spenceley said, "The acquisition continues our investment in Perth and provides Vocus with additional resources to serve the fast-growing Western Australia market.
We are delighted to acquire the high quality Bentley Data Centre and secure the preferred supplier relationship with ASG, one of the largest IT solutions providers in Australia.
The Bentley Data Centre has many long-term, blue chip customers and will provide Vocus with additional cross-selling opportunities and further redundancy for existing operations.
We look forward to a long, mutually beneficial relationship with these clients and with ASG for many years to come."