Interoute to Acquire Easynet for £402 million

Interoute agreed to acquire European managed services provider Easynet for an enterprise value of £402 million.

Interoute said the acquisition will enable enterprise, government and service provider customers of the merged group to access a full suite of the combined companies products and services. In addition to increased products and services, the acquisition will bring an enhanced and expanded set of skills and capability to serve both companies’ existing customers and new prospects across the world. On a pro forma basis, after giving effect to the acquisition, Interoute would have had total revenue of over €700 million in the twelve months ended 30 June 2015.

Gareth Williams, Interoute's CEO commented, "These are exciting times for Interoute and our customers as we create a leading, independent European ICT provider. It's the next step in our acquisition strategy and moves us much closer to our goal of being the provider of choice to Europe’s digital economy."

Mark Thompson, CEO of Easynet, commented, "I believe this acquisition will bring great benefits to both Interoute's and Easynet’s customers. The combined companies can offer broader and deeper connectivity options, as well as an expanded portfolio of products and services, and the acquisition will further expand an already market-leading cloud hosting capability in Europe."

http://www.interoute.com
http://www.easynet.com/us/en/