Qts Acquires Netherlands-Based Data Center Management Company Zentrys
Nov 07, 2023•almost 2 years ago
Acquiring Company
QTS Data Centers
Acquired Company
Zentrys
Description
QTS Data Centers, a leading provider of enterprise, hyperscale and government data center solutions, has acquired Zentrys, a Netherlands-based data center management and operations company. The transaction was finalized Oct. 31, 2023. Since QTS' acquisition of two data center sites in Groningen and Eemshaven, Netherlands in 2019, Zentrys has successfully operated the sites, providing premium customer service and local market expertise. The acquisition of Zentrys further supports the breadth of QTS' operating capability and builds a strong foundation to extend QTS' successful U.S. growth strategy into Europe.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed