Databank To Acquire Four Houston-Area Data Centers From Cyrusone For $670M

Jan 19, 2022•over 3 years ago

Acquiring Company

EWR2 Data Center

Acquired Company

Four Houston-Area Data Centers

Dallas

Description

DataBank, a leading provider of enterprise-class colocation, interconnection, and managed cloud services, today announced that it has agreed to purchase four existing data centers in the Houston, TX metro area from CyrusOne for $670M.

Company Information

Company

EWR2 Data Center

Location

Dallas, Texas, United States

About

EWR2 Data Center is a facility that houses critical infrastructure for various customers, including major educational and research institutions. It previously operated as a leased property, which has now been acquired by DataBank. The center is designed to support high-performance computing and mission-critical workloads. Its strategic location in New Jersey offers access to key network interconnection points.

Related People

M&A Insights

Based on deal data

Integration 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