LONDON: Mitie Group plc has acquired two Fire & Security businesses – El Team Vest (Denmark) and ABC Elektro (Norway) – for a combined initial cash consideration of £8.1m. These acquisitions enhance Mitie’s projects and ongoing maintenance capabilities in the fast-growing European data centre fire & security systems market, where the Group has an established…
BRISBANE – Australian cloud networking firm Megaport Limited (MP1.AX) said on Monday it has agreed to acquire compute provider Latitude.sh, a move aimed at creating a combined platform to tap into growing demand for artificial intelligence (AI) and hybrid cloud services. The acquisition, which is expected to close by Dec. 31, 2025, will merge Megaport’s…
CHICAGO — Littelfuse, Inc. (LFUS) announced Wednesday it has reached a definitive agreement to acquire Basler Electric Company, a privately held manufacturer of electrical control and protection solutions, for approximately $350 million in cash. The deal, subject to customary adjustments, aims to expand Littelfuse’s reach in high-growth industrial markets such as grid and utility infrastructure,…
SAN FRANCISCO: Nvidia reported better-than-expected earnings and revenue on Wednesday, signaling to Wall Street that the demand for artificial intelligence infrastructure remains robust, despite a slowdown in its key data center segment. The company’s stock, which has seen a 35% increase this year after nearly tripling in 2024, slipped in extended trading after data center…
AQABA: NaiTel, the telecom arm of Aqaba Digital Hub (ADH), and Telecom Egypt have completed the laying of the Coral Bridge subsea cable, the first direct digital link between Egypt and Jordan in more than 25 years. The 15-kilometer express cable, equipped with 48 fiber pairs, connects Taba, Egypt, to Aqaba, Jordan, across the Gulf…
SYDNEY: Spark New Zealand has agreed to sell a 75% stake in its data center business to Pacific Equity Partners (PEP). The deal values the business at up to $705 million. This sale is intended to provide a funding pathway for Spark’s planned data center development pipeline of over 130MW+. Spark will retain a 25%…
Summit, a leading provider of virtual servers and cloud-based application hosting, has announced the acquisition of Deft, a provider of data center and managed cloud services. The deal combines two innovative and fast-growing companies that offer colocation, cloud, and network services to a diverse range of customers. The acquisition will allow the combined business to…
RIYADH: A new partnership between Arabian Internet and Communications Services Company (solutions) and Digital Centers for Data and Telecommunications Company (Center3) will see the creation of cutting-edge data center infrastructure in the Middle East. Arabian Internet and Communications Services, a leading ICT service provider, and Center3, a subsidiary of Saudi Telecom Company (stc), have signed…
Moveworks, the leading AI copilot platform for the enterprise, has opened its first regional data center in Australia, following its recent launches in Canada and the EU. The new data center will allow Australian customers to use Moveworks’ natural language-based solutions while complying with data privacy and residency regulations. Moveworks’ CEO said that the company…
COPENHAGEN: Napatech AS, the leading provider of programmable Smart NICs, announced that Lenovo, a tier-1 global server manufacturer, has partnered with Napatech to deliver 25 and 100 gigabit Ethernet programmable Smart NICs to data centers. The solution is the result of joint product and technology development between Napatech and Lenovo to meet the most demanding…
Complete Data Center solution from Juniper assures experiences and drives business outcomes with best-in-class automation, open programmability and scalability SUNNYVALE: Juniper Networks has finalized its acquisition of Apstra, a leader in intent-based networking and automated closed-loop assurance, a news release said. The closing of the deal marks a meaningful step toward delivering an unmatched, experience-led…
LONDON: Telstra Corporation entered an agreement to sell its data centre complex in Clayton, Victoria, to Centuria Industrial REIT for $416.7 million, a news release said. The sale includes a triple-net lease-back arrangement which means Telstra will retain ownership of all IT and telecommunications equipment, as well as ongoing operations and responsibility for building upgrades…