Colt Technology Services, a major global player in the digital infrastructure space has completed its acquisition of Lumen EMEA in a deal worth US$ 1.8 Billion. The exclusive agreement between Colt and Lumen Technologies Ltd covers the purchase of Lumen’s business in Europe, Middle East and Africa (EMEA).
According to a statement released by Colt, “As part of the acquisition, Colt and Lumen Technologies, Inc. will enter into a partnership agreement which sees businesses in North America benefit from access to Colt’s award-winning digital infrastructure and services within and outside of North America.”
Keri Gilder, CEO, Colt Technology Services said, “Closing this acquisition brings us to a momentous point in our growth journey and marks our deep commitment to our customers, helping them scale and grow. It brings us amazing new talent; extends our technology portfolio and our partner ecosystem; and significantly expands our digital infrastructure as we enter new markets across Eastern Europe, the UAE and parts of Africa.”
The statement further explained, “The acquisition – which brings Colt 2,700 customers including blue chip corporations, leading enterprises and public sector customers – sees Colt expand the reach of its services via PoPs (Points of Presence) in Dubai, Estonia, Greece, Iceland, Israel, Kenya, Serbia, Slovenia, South Africa and Turkey.”
The acquisition will enable customers to benefit from Colt’s existing suite of technologies such as On Demand and SD WAN alongside an extended portfolio of new services including new security technologies, market-leading SASE products and managed hosting and professional services. Customers would also be served by:
- 1,300 new customer-focused employees across 16 countries
- 1,630,031 kilometres of fibre connecting 125 European cities in 34 EMEA countries
- 11,000 kilometres of metropolitan network in 23 countries and the UAE
- 12 cable landing stations in six countries
- 10 subsea cable systems – six transatlantic and four within Europe
