German IT services provider q.beyond is considering selling its colocation business.
The company, formerly known as QSC, said in a statement this week that it is considering its options on the unit including a sale of a majority stake or a full divestment.
“The Management Board has decided to initiate a structured process to determine the potential for a possible sale,” the company said in a statement. “Approval to sell most or all of q.beyond’s wholly-owned subsidiary would require very attractive terms.”
The company currently operates three data centers in Munich and Nuremberg through its wholly-owned IP Exchange GmbH subsidiary. The unit has 51 employees and generated revenues of around €20 million ($24.4 million) in 2020.
“The colocation business has contributed solid revenues and earnings for years and there is no pressure to act now,” said q.beyond’s CEO, Jürgen Hermann. “Having said that, colocation offers few synergies with our Cloud, SAP and IoT business and the extra liquidity would further increase our leeway for acquisitions.”
Founded in 1997, q.beyond provides IT services to SMBs. The company sold its Plusnet GmbH telecommunications business to EnBW Telekommunikation and bought software engineering specialist Incloud in 2020.
