Cube Infrastructure Managers (Cube) has agreed to acquire firstcolo datacenters GmbH (firstcolo), a Frankfurt-based data centre business and provider of colocation, dedicated servers, managed services and private cloud solutions by Cube Infrastructure Fund III.

Cube acquires firstcolo from funds advised by EMERAM Capital Partners (EMERAM) and its portfolio company diva-e Excellence GmbH (diva-e). The financial details of the deal were not disclosed. The prospects for the development of firstcolo are a positive milestone in the development of Cube's buy-and-grow strategy.

The founders of firstcolo will remain shareholders of the company and continue to lead it. Thanks to EMERAM and diva-e, first colo's revenue growth and profitability increased significantly.