Network M&A: IRIDEOS Buys Enter

June 18th, 2018 by · Leave a Comment

Italy's newest infrastructure player has made another consolidation move. IRIDEOS today announced the acquisition of Enter.

Enter operates a network reaching into all the major Italian markets, as well as a global backbone between the big hubs of Europe, North America, and Asia. At the metro level, they offer dark fiber in the northern Italian cities of Milan, Turin, Genoa, and Bologna. The company also owns two data centers in the Milan Caldera campus and introduced an SD-WAN service aimed at both enterprise and carrier customers earlier this year.

IRIDEOS has already consolidated the assets of four other Italian infrastructure players: Infracom Italia, KPNQwest Italia, MC-link, and BiG TLC. With Enter in hand they own 12 data centers across Italy and a majority of the Milan Caldera data center campus. For now they are still operating as the independent subsidiaries, though I'm sure more ind-depth integration is in the plans somewhere. The company is 80% owned by the Italian fund F2i SGR and 20% by the European fund Marguerite.

The infrastructure markets of southern Europe have been hot lately, drawing outside interest from both strategic and financial players.  I'm curious whether IRIDEOS has an appetite for more assets beyond its Italian focus thus far.  I suspect they do, but one step at a time.

Categories: Datacenter · Mergers and Acquisitions · Metro fiber

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