Menu
Vocus acquires Maxnet

Vocus acquires Maxnet

Maxnet operation expected to generate approximately NZ$2 million

New Zealand-based datacentre and cloud provider Maxnet has been acquired by Vocus Communications.

“The Maxnet acquisition complements Vocus’ strong IP Transit operations in New Zealand. It not only provides Vocus with one of New Zealand’s leading Data Centres but also one of the most established providers of Cloud Services, marking Vocus’ next step into the high growth Cloud market," says James Spenceley, CEO of Vocus.

According to Douglas Kemsley, Maxnet’s outgoing Chairman, "this is very good news for Maxnet’s clients and the broader New Zealand marketplace". "Our wide range of quality datacentres and cloud services will be further strengthened by this acquisition. Vocus is the ideal company to take Maxnet to the next level," he adds.

The Maxnet operation is expected to generate approximately NZ$2.0 million in Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) in FY13. The total consideration for the acquisition is NZ$9.5 million, which includes a deferred consideration based on performance.

The acquisition will be funded with bank debt.


Follow Us

Join the newsletter!

Or
Error: Please check your email address.

Tags Vocus Maxnet

Featured

Slideshows

Bumper channel crowd kicks off first After Hours of 2018

Bumper channel crowd kicks off first After Hours of 2018

After Hours made a welcome return to the channel social calendar with a bumper crowd of partners, distributors and vendors descending on The Jefferson in Auckland to kick-start 2018. Photos by Gino Demeer.

Bumper channel crowd kicks off first After Hours of 2018
Looking back at the top 15 M&A deals in NZ during 2017

Looking back at the top 15 M&A deals in NZ during 2017

In 2017, merger and acquisitions fever reached new heights in New Zealand, with a host of big name deals dominating the headlines. Reseller News recaps the most important transactions of the Kiwi channel during the past 12 months.

Looking back at the top 15 M&A deals in NZ during 2017
Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Show Comments