BMIT Technologies plc - Completion of Acquisition of Handaq Data Centre

On 17 January 2020, BMIT Technologies plc announced that its wholly-owned subsidiary BM IT Limited concluded the acquisition of the Handaq data centre which has a capacity of approximately 300 racks. In this respect, BMIT reiterated that the acquisition will enable the company to carry on a significant part of its operations from its own property. This will minimise, and in some cases, avoid the risks associated with a migration to another facility, including financial expense, operational disruption and risk of loss of business, as customers allocated to the Handaq data centre will not need to be relocated. As a result of the acquisition of the Handaq data centre, BMIT will now be incurring less expenditure on the rental of its premises.

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