Keppel Invests In Citadel100
Irish Owned Datacenter Launches Pan European Expansion Plan
Dublin, 6th February, 2007
Citadel100, one of Europe’s leading Datacenter owners and operators uniquely specialising in the design, build and operation of 100% availability wholesale Datacenters, today announced that Keppel Telecommunications and Transportation (T&T) Limited has acquired a 50% stake in its’ Dublin Datacenter business. Under the terms of the agreement Keppel, through its wholly-owned subsidiary DataOne(Asia), paid E12 million to Real Capital International (RCI) consisting of 10.5million for the assignment of 50% of the loan capital (amounting to E25.7m) to DataOne and E1million for 500 new shares in Citadel100. RCI is a holding vehicle for the technology investments of Noel Meaney and Chris Nightingale, and has been the owner of Citadel100 since 2002.
Citadel100 has operated the state of the art 6,500 square meter Datacenter in Dublin, since 2002 and is currently 95% let on long term colocation to some of the world’s largest Technology companies.
Demand for high power density Datacenter facilities has exploded as demand for high availability, business continuity and disaster recovery facilities continues to increase – particularly in light of the implementation of financial regulations such as Basel II and Data Protection Laws. It is anticipated that the Citadel100-Keppel partnership will result in the construction and operation of other world-class facilities in a number of yet to be announced locations throughout Europe.
“I am very excited with the expansion opportunity that this partnership with Keppel provides” said Noel Meaney, Founder of Citadel100 “ The combined strengths of Citadel100’s operational expertise and Keppel T&T’s business experience and reach will provide the ideal business platform to accelerate our pace of expansion across Europe.”
Mr. Lam Kwok Chong, Managing Director, Keppel T&T, said: “Besides a growing need for more data storage, businesses today place greater emphasis on data security, business continuity and disaster recovery services. We see an increasing need for high-grade Datacenters. Citadel100, with its impressive track record, service offerings and customer base is well poised to expand and grow our Datacenter business across Europe.”
Secure, managed solutions
In its Dublin facility, Citadel100 has a strategic relationship with Hewlett Packard, the global technology provider, in delivering secure colocation in combination with a range of critical computer management solutions, to support some of the world’s largest organisations.
About Premier Data Centres
Citadel100 was founded by RCI in 2002 and currently owns and operates a state of the art 6,500 square meter Datacenter facility in Dublin, Ireland. In 2003 Premier Data Centres entered into an exclusive agreement with HP Ireland under which HP markets and locates its outsourcing clients in the datacenter.
About Real Capital International
Real Capital International is the holding vehicle for the technology interests of Noel Meaney and Christopher Nightingale. Real Capital International’s other main technology investment is the Singapore listed, Global Voice Group and its operating subsidiary euNetworks Limited, which owns and operates Europe’s highest capacity network.
About Keppel Telecommunications & Transport Ltd.
Keppel Telecommunications & Transportation Ltd (Keppel T&T) is a subsidiary of Keppel Corporation Ltd, a Singapore-headquartered multinational company with core businesses in Offshore & Marine, Property and Infrastructure. In 1990, Keppel T&T diversified into telecommunications when it acquired a 30 percent interest in Folec Communications. In 1997, MobileOne Ltd was launched as Singapore's second cellular operator. Today, Keppel T&T Group is a leading service provider in Southeast Asia and Europe with businesses in Network Engineering and Logistics with operations spanning 13 countries.
Keppel T&T is a leading provider of design, roll-out and operations management services offering a wide range of network engineering and integration services solutions for both wireless and wireline telecommunications & utilities network in Southeast Asia, Europe and the United States. Keppel T&T's network engineering presence is represented by its subsidiaries ECHO Broadband, Trisilco Folec and Keppel Communications.
