In August 2016, STAR acquired a majority stake in Globalways AG (“Globalways”), a Stuttgart-based IT services and infrastructure business.
At the time of acquisition, Globalways had two datacentres in operation and one under development, secured by anchor tenants. STAR, in partnership with management, have committed further capital to grow the business with the build-out of further data centres across Germany. The company will target the major German cities, providing modern, highly secure and energy-efficient facilities. An innovative modular-build approach allows facilities to be designed, delivered and extended much quicker than traditional large data centres.