Vocus expands with acquisition of EDC
- Published: Tuesday, 17 February 2015 14:55
Vocus Communications has entered into agreements to acquire the two data centres and business continuity operations of Enterprise Data Corporation (EDC).
This acquisition represents an opportunity to add complementary business continuity services to Vocus’ suite of solutions to corporate customers in Australia.
The two Data Centres are located in Norwest in Sydney and Mitcham in Melbourne with both offering capacity for additional growth.
The purchase price is $23.5m and will be funded from existing cash resources. The acquisition is subject to normal conditions and is forecast to generate annualised EBITDA of approximately $4.7m. www.vocus.com.au