EU – Baltic States, Good for Business, Investments, Latvia, Mergers and take-overs, Technology

In the deal, the price of which has not been disclosed, QEIF II has acquired 100% of DEAC shares.

"The company's management of all levels are motivated to carry on with their work and develop the business in the long term, achieving ambitious goals," said DEAC board chairman Andris Gailitis.

According to DEAC representatives Quaero Capital is an experienced investor in the telecommunications sector with several investments made in fiber optic businesses and data centers in Europe. In July 2020, the Swiss company announced the acquisition of Lithuania's fiber optic and data center operator Duomenu Logistikos Centro. 

DEAC is one of the largest independent data center operators in Northern Europe. It provides secure data center services to more than 2,500 customers worldwide. Since 1999, DEAC business venture is orientated toward providing complete data center services, from customer's requirements to tailor-made IT solutions.

According to information available at Firmas.lv, DEAC, established in 2009, has a share capital of EUR 2,845. Until now, the company belonged to Janis Strods' company Solo Investicijas (44.7%), Andris Putans' Astondesmit Astoni (33.92%), Andris Gailitis' Duo Investicijas (11.14%) and Janis Kagis' KFP (10.24%).

In 2019, DEAC turned over EUR 7.898 million and sustained a EUR 376,927 loss.