Redcentric acquires City Lifeline

City Lifeline owns and operates one of the best connected datacentres in London, and has been trading for over 20 years. Its site in Tech City provides a secure, reliable location from which its customers operate business critical infrastructure.

In the year to 31 December 2015 City Lifeline generated revenue of £3.5m, all recurring, and EBITDA of £0.6m.

The acquisition of City Lifeline represents another step in Redcentric’s growth strategy, providing a well-established London datacentre to complement its existing infrastructure of owned datacentres in Harrogate, Reading and Cambridge together with its national fibre network.

Fraser Fisher, chief executive officer of Redcentric, said; “City Lifeline is a great addition to our network of datacentres, something we’ve been seeking in London for a while. This is a low risk move, earnings enhancing from day one and is a further step in the Redcentric growth strategy.”

As well as continuing to support City Lifeline’s existing customers, the London datacentre will provide Redcentric with significant expansion capacity. The acquisition is expected to be immediately earnings enhancing.