Amcom Telecommunications (ASX:AMM) has signed an agreement to acquire Perth data centre provider aCure Technology for $14.3 million.
aCure Technology operates three data centres in Perth. According to an ASX release, Amcom will own a total of seven facilities in the city following the acquisition, with a capacity of 650 racks.
Amcom CEO Clive Smith said in an ASX statement that the acquisition was made due to growing demand for cloud and hosted services.
“With all seven data centres connected to our fibre network, the opportunity to drive further revenues on the back of demand for cloud services is substantial."
The acquisition is expected to be complete by September 2013. It will be funded from existing bank facilities.
Amcom expects an earnings before interest, tax, depreciation and amortisation (EBITDA) contribution of $3 million in the financial year 2015.
In May 2012, aCure Technology announced that its third data centre would open in Perth during August of that year.
At the time, the multi-million dollar 5000 square metre facility was the largest privately owned and operated data centre in Western Australia.
Follow Hamish Barwick on Twitter: @HamishBarwick