View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
November 12, 2014

Colt eyes acquisition of Japanese data centres

Tokyo-based KVH will be bought out for £100m.

By Ben Sullivan

Colt has announced that it will be acquiring Tokyo-based data centre firm KVH for just over £100m.

Colt said that the transaction will provide it with scale and complementary capability in key Asian cities, and allow the companyt to storm into the Asia Pacific ICT services market which is currently booming with growth of around 12% a year.

Rakesh Bhasin, Colt CEO said: "I am pleased to announce our plan to acquire KVH. It is a growing business, largely focused on network and data centres in Asia. They have strong capabilities, a significant customer base and great assets, all complementary to our own. This partnership will enable Colt to offer our customers seamless solutions on a global basis and give us a solid platform for growth in Asia."

Colt has a city-based strategy which looks to target customers operating in information intensive industries. KVH, whilst present in Tokyo, also operates from Singapore, Hong Kong and Seoul.

Colt has said that the total cash consideration for KVH is ¥18.595 billion, with the acquisition expected to deliver annual cost and capex synergies of £6.7m.

Ted Higase, KVH CEO, said: "We are delighted to formally become part of the Colt family. The combination of our two companies will add scale, improve the competitiveness of both KVH and Colt, and be beneficial to all our customers. KVH will provide an established and successful platform – deploying its assets, relationships and people – for growth in Asia as part of a larger Colt organisation."

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.