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Castle Street Investments plc has acquired C4L Group Holdings Limited


Posted: 16th February 2016 08:29

Castle Street Investments plc, is pleased to announce that it has acquired C4L Group Holdings Limited, a successful and growing network services and data centre hosting business, for a total consideration of £20.2 million in cash and shares.

Highlights:

Founded in 2000, C4L is a successful and growing network services and data centre hosting business. C4L owns and manages core network infrastructure and data centre assets, including:

Andy Ross, CEO of Castle Street, commented: "C4L combined with our recent acquisition of Selection Services demonstrates the progress we are making towards becoming an integrated IT Services and Cloud provider. C4L has a high quality, next generation infrastructure which has been well invested. Allied to a successful business with high levels of recurring revenue it offers strong growth opportunities. The enlarged customer base and product portfolio strengthen and consolidate our position in the industry and as a Board we are excited by this Acquisition which supports the next step in the Company's development.

Jonathan Watts, Chairman of Castle Street added: "Matt and Simon have done an excellent job in building C4L. We welcome them to the Board and look forward to their contribution as we continue to execute on our focused growth strategy."


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