Hogan Lovells advises NorthC on the acquisition of Netrics connectivity services and data centers
Led by Frankfurt partner Alexander Stefan Rieger international law firm Hogan Lovells has advised the leading Dutch regional data center provider NorthC on the acquisition of the data centers and connectivity services of Netrics in Switzerland. Further key support was provided by Frankfurt Hogan Lovells partner Jörg Herwig and Andreas Moll as Swiss counsel from Prager Dreifuss AG.
The transaction includes three data centers – two in Münchenstein (near Basel) and one in Biel – with a total floor space of approximately 13,000 m2, over 7.5MW power capacity and opportunities for further expansion.
The acquisition further expands NorthC Group's growing network of regional data centers in Northwest Europe. It will now enable the company to serve customers in Switzerland and create a leading regional network with a solid platform, similar to its Dutch regional data center network. Together, this marks NorthC Group's entry into the Swiss market and its second international acquisition, following the acquisition of IP-Exchange in Germany in autumn 2021.
Alexander Stefan Rieger added:
“We are delighted to continue contributing to NorthC’s ongoing growth story and to underline our strong track record in the European digital infrastructure space”.
Having already advised NorthC Group on its entry into the German market (Hogan Lovells advises NorthC Group on the acquisition of German colocation provider IP-Exchange), Hogan Lovells is now providing legal advice on the company's expansion into the Swiss market.
Hogan Lovells team for NorthC Group
Dr Alexander Stefan Rieger (Partner), Dr Tobias Faber (Partner), Pascal Wagenführ, Katharina Baunach, Dr Joscha Müller, Camilla Fröhlich (Associates), Johannes Groß (Senior Associate) (all Infrastructure, Energy, Resources and Projects, Frankfurt);
Dr Jörg Herwig (Partner), Jennifer Hofmann (Associate) (both Private Equity, Frankfurt);
Prof Dr Fabian Pfuhl (Counsel, Intellectual Property, Frankfurt);
Dr Carla Luh (Partner), Marco Weibrecht (Senior Associate), Jens Velten (Associate) (all Infrastructure, Energy, Resources and Projects/ Finance, Hamburg).
Prager Dreifuss AG team Zurich for NorthC Group
Dr Andreas Moll (Partner, Corporate/Finance, Transaction Lead), Guy Deillon (Partner, Corporate/M&A), Dr Christian Schönfeld (Counsel, Corporate/M&A, Data Protection), Dr Lydia Patricia Buchser (Associate, Real Estate & Construction), Stefan Pavlovic (Junior Associate, Insolvency/ Finance/ Transaction).
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