Czech Republic: Cordiant acquires two businesses in the cloud and data center sector

Cordiant Digital Infrastructure, through its Czech portfolio company České Radiokomunikace (CRA),  has acquired cloud services provider Cloud4com and data center company DC Lužice. Cordiant is to acquire a Tier-III data center, DC Lužice for CZK130 million ($5.8m), and Cloud4com for an initial CZK 870 million ($39m) and a further amount payable up to a maximum of CZK 485 million ($21.7m).

Benn Mikula, CEO of Cordiant Capital, said, "These acquisitions mark an important step in CRA's continued growth in the Czech data center and cloud services market. They add capabilities and capacity to an already strong team. This market segment is increasingly important to CRA's revenue mix.”

Steven Marshall, chairman of Cordiant Digital Infrastructure Management, added, "We are delighted to have agreed to acquire these attractive data center assets, which are being funded by organic cash flow at CRA. These transactions are highly complementary to CRA's existing data center and cloud businesses, enhancing CRA's market-leading position in its respective areas of operations and further demonstrating our active management approach through our 'Buy, Build and Grow' strategy."