Data centre firm, Telecity, has updated the market prior to the close of its financial year. Trading has remained “robust” and the full-year outlook is in line with market expectations. The very positive pattern we have observed throughout 2012 (see Telecity powers onwards and upwards) follows a successful previous full year (see Telecity: co-location, co-location, co-location).
The company continues to be buoyed not only by a market that is hungry for data centre capacity, but by a strategy that has a proactive eye on international growth. For example, the firm is targeting the Nordic markets and has made yet another acquisition in Finland. It paid €28m in cash for data centre firm, Academica– which is based in Helsinki. This follows the recent purchase of Tenue.
Elsewhere, progress continues apace. New capacity has just come online in London Docklands, and in Milan Telecity has secured additional capacity. So not only is the current year delivering against expectations, but the seeds are being sown for future years too.