The pan-European network operator Interoute got a little bit bigger this morning, as it has announced an agreement to purchase Comendo Network A/S. Comendo Network A/S is the data and video division of Comendo A/S, and serves the Denmark marketplace and boasts DSB, Saxo Bank and DONG Energy as customers.
The European market has been due for additional consolidation for a long time, although Interoute has been doing its part now and then over the past few years. Comendo itself is in the process of selling off pieces of itself. Last week they sold off the Comendo Telecom division, which focused on VoIP services. Their network division delivers its bandwidth via the country's national broadband network.
They have been one of Interoute's partners for a long time, so the deal won't change all that much and integration will probably be relatively painless. As of this weekend, Comendo Network's staff will join Interoute's team, and Interoute will see its Danish revenue and headcount double and its overall Scandanavian presence enhanced. The purchase price was just €7M, so there's plenty of room yet to grow in Copenhagen I would assume.