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Redcentric sells £127m Data Centres to Stellanor – Northern Financial Review
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Redcentric sells £127m Data Centres to Stellanor – Northern Financial Review
Harrogate-based IT firm Redcentric plc said it conditionally agreed the sale of Redcentric Data Centres Limited to Stellanor Datacenters Group Limited, a UK data centre operator backed by a fund managed by Frankfurt-based DWS Group, for an enterprise valuation of up to £127 million in cash. Redcentric has undergone a number of boardroom changes in the past two years. “Proceeds from the disposal will be strategically allocated to deliver substant…
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