Salute Expands European Footprint with Keysource Acquisition
Deal News | Jan 27, 2025 | LLR Partners Inc
Salute, a global leader in integrated lifecycle data centre services, has announced a definitive agreement to acquire Keysource Group, a trusted provider of sustainable data centre solutions and strategic advisory services in the EMEA region. The acquisition, subject to regulatory approval and expected to close by early Q2 2025, will expand Salute's EMEA workforce to over 500 employees, enhancing its capability to address the demand for AI-driven infrastructure and sustainable solutions. This move aligns with Salute’s mission to provide comprehensive services in data centre management and bolsters its market differentiation through enhanced advisory capabilities in energy optimisation and sustainability. The acquisition follows a series of strategic personnel additions at Salute, indicating a broader effort to fortify service capabilities globally.
Sectors
- Data Centre Services
- Sustainable Technology
- Private Equity
Geography
- Europe – The acquisition is set to expand Salute's operations and workforce within the EMEA region.
- United States – Salute has a strong presence in the Americas, where it already provides technical design and operational advice.
Industry
- Data Centre Services – The article centers around companies involved in data centre lifecycle services, focusing on expansion and enhanced capabilities in this industry.
- Sustainable Technology – Both companies emphasize sustainability in their data centre operations, which is a significant aspect of their services.
- Private Equity – The acquisition is backed by LLR Partners Inc., illustrating private equity involvement in expanding Salute's operations.
Financials
- Not Specified – The financial terms of the acquisition have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Salute | Buyer | Company | A global leader in integrated lifecycle data centre services, founded in 2013, with over 1,700 employees worldwide. |
| Keysource Group | Target | Company | A leader in sustainable data centre solutions and advisory services in the EMEA region. |
| LLR Partners Inc. | PE Firm | Company | A private equity firm backing Salute's acquisition of Keysource Group. |
| Erich Sanchack | CEO of Salute | Person | Chief Executive Officer of Salute, endorsing the acquisition strategy. |