icolo.io is a Kenyan data centre operator that has been in the technology business for a while. Some of its feats include a fully-fledged facility that was opened in Mombasa sometime in 2018. The firm has since said it is developing another data centre in Karen, Nairobi that was supposed to start operations by the end of 2018, but was pushed to 2019. Nevertheless, icolo.io’s presence in the country has been mentioned by many publications, although its entrance was late compared to established data centre organizations.
InterXion, a European provider of cloud-neural colocation data centre services and products has announced that it will complete an agreement that will see it acquire icolo.io. The announcement was made another similar development that will see InterXion control the interests of Pembani Remgro Infrastructure Fund (PRIF), a TMT infrastructure firm in Africa.
PRIF and icolo.io will perform their functions collaboratively, and co-invest with InterXion on an expansion strategy that purposes to expand the latter’s reach in Africa.
The transaction should be concluded before April 2020. InterXion will then own 70 percent of icolo.io’s common shares. The rest of the shares will be held by PRIF and the icolo.io management.
The acquisition will be marked by securing an additional 25000 square metres of land for expansion in Mombasa and Nairobi that should bolster the capacity of the firm to 20MW.
“Their deep understanding of the African communications and technology sectors is highly complementary to Interxion’s proven expertise in serving the mission-critical needs of the customers in our carrier and cloud-neutral data centres. Our ambitions in this region are substantial, reflecting the opportunity for the cloud and content platforms to bring several hundreds of millions of people online in Africa over the next decade. We look forward to working with Icolo’s founder and CEO, Ranjith Cherickel, and his team to build on the solid foundations they have created,” said David Ruberg, chief executive officer of Interxion.
