ASX-listed Vocus Communications (ASX:VOC) will acquire E3 Networks' Sydney and Melbourne datacentres.
In a statement to the ASX, it revealed it will pay $5.9 million in total for the acquisition, which is expected to be finalised on November 30. As part of the purchase arrangement, it will pay $4.9m in cash and $1m in Vocus shares at $0.85 per share.
Both datacentres have been constructed in the last two years.
The acquisition is expected to add a minimum of $1.5 million in underlying annualised pre-tax profit to Vocus’ bottom line.
It will see E3 CEO, Jon Eaves, join Vocus as the general managed of its datacentre business.
Vocus CEO, James Spenceley, claimed the acquisition will allow Vocus to provide its customer base with a full service offering at a time where there is significant demand for datacentre resources.