TelecityGroup acquired Sadece Hosting

TelecityGroup acquired Sadece Hosting, a leading colocation and hosting services provider in Turkey for an initial consideration of £25m in cash, with an additional £4m linked to the Company reaching certain financial objectives. This acquisition marks the entry of TelecityGroup into the Turkish market. SAS Finance acted as exclusive financial advisor to Sadece Hosting.

About Telecity Group:

TelecityGroup (LSE: TCY) is Europe’s leading provider of premium carrier-neutral data centres, operating facilities in city locations across Europe.