Metronet (UK) acquires M247 for £47.5m

Hot news in this morning was that Manchester Datacentre and Network company have been acquired for a £47.5m consideration by Metronet (UK) through private equity firm, Livingbridge.

“Following the acquisition of M247, Metronet (UK) will be able to offer a combined portfolio of connectivity and content services including wireless network services, datacentres and managed hosting solutions across the UK and Europe. The combined business will have three datacentres, over 200 staff and EBITDA in excess of £12m.”

At Host Consult we have known and worked with M247 for many years and we are delighted that the team can now move on to an even more exciting future. Congrats to Chris, Jonathan, James, David and the rest of the team.

More information Here

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