Colt Seals the $1.8B Purchase of Lumen EMEA after a Year

<p>Colt, a
service provider for numerous retail brokers, financial firms, and <a href="https://www.financemagnates.com/cryptocurrency/news/colt-teams-up-with-bitpoint-on-cryptocurrency-exchange-technologies/" target="_blank" rel="follow">crypto
exchanges</a>, announced today (Thursday) that it has acquired Lumen EMEA for $1.8
billion, concluding a negotiation process that began precisely one year ago. </p><p>Colt's Strategic
Acquisition of Lumen EMEA for $1.8 Billion</p><p><a href="https://www.financemagnates.com/tag/colt/" target="_blank" rel="follow">Colt
Technology Services</a> is a company that provides telecommunications
infrastructure to various firms, including exchanges and other representatives
of the financial sector. Currently operating in 38 countries with 80 offices
worldwide, this latest acquisition will allow them to expand their operations
in Europe, the Middle East, and Africa (<a href="https://www.financemagnates.com/tag/emea/" target="_blank" rel="follow">EMEA</a>).</p><p>Colt and
Lumen Technologies, Inc. forged a collaborative partnership following the
<a href="https://www.financemagnates.com/terms/a/acquisition/">acquisition</a>. This alliance is set to provide businesses in North America with access
to Colt's digital infrastructure and services, both within the region and
globally. Commenting on this development, Keri Gilder, the CEO of Colt
Technology Services, remarked on the significance of this partnership and its
potential impact on the industry.</p><p>"Closing
this acquisition brings us to a momentous point in our growth journey and marks
our deep commitment to our customers, helping them scale and grow," Gilder
added. "It brings us amazing new talent; extends our technology portfolio
and our partner ecosystem; and significantly expands our digital infrastructure
as we enter new markets across Eastern Europe, the UAE and parts of Africa."</p><blockquote><p lang="en" dir="ltr">We’ve completed the purchase of Lumen EMEA, bringing Colt greater scale, amazing people and partners, new regions, and technologies. Read more: <a href="https://t.co/TjiVG8ySG9">https://t.co/TjiVG8ySG9</a></p>— Colt Technology (@Colt_Technology) <a href="https://twitter.com/Colt_Technology/status/1719830679519740263?ref_src=twsrc%5Etfw">November 1, 2023</a></blockquote><p>Enhanced Connectivity and
Services Post-Acquisition</p><p>Customers
are set to benefit significantly from Colt's acquisition of Lumen EMEA, gaining
access to an enhanced suite of technologies and services. The purchase also
brings a substantial influx of resources and connectivity options. A dedicated
team of 1,300 customer-centric employees has been integrated across 16
different countries, bolstering Colt's workforce and enhancing its customer
service capabilities. The company's network has significantly expanded, with
1,630,031 kilometers of fiber now connecting 125 European cities across 34 EMEA
countries.</p><p>With the
integration of 2,700 new customers, including blue-chip corporations, leading
enterprises, and public sector customers, Colt has dramatically broadened its service footprint. The establishment of Strategic Points of Presence in strategic locations has enhanced accessibility within Colt's network.</p><p>Firms Plan to Extend
Digital Infrastructure</p><p>The
completion of the acquisition coincides with the release of Colt's latest brand
research, which sheds light on the growing trend of businesses looking to
expand their digital infrastructure beyond their current markets. The research,
which surveyed 1,100 senior IT decision-makers across various regions including
APAC, Europe, and the US, revealed that many businesses plan to broaden their
digital reach. </p><p>Specifically,
44% of the respondents are looking to extend their digital infrastructure into
Europe, while 40% have their sights set on APAC. Additionally, 35% are
considering expanding into the Americas, 29% are exploring opportunities in the
<a href="https://www.financemagnates.com/tag/middle-east/" target="_blank" rel="follow">Middle East</a>, and nearly 24% aim to extend their network into Africa.</p><p>"Technology
companies that will thrive in the future will be those with scale, adaptability
and a strong sense of purpose. We've worked hard to build these capabilities.
By staying true to our culture and commitments and building our business around
our customers' success, we're ready to write the next chapter in our story,"
Gilder concluded.</p>

This article was written by Damian Chmiel at www.financemagnates.com.