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ISG wins £141m data centre job in Western Europe

ISG has been appointed as lead contractor on a data centre project in Western Europe, in a deal worth around £141m (€200m).

The company did not identify the client.

Last year, the contractor was appointed to build and upgrade three data centres, including a new-build Nordic project worth around £120m.

ISG’s first project was handed over in February 2014, with the second finishing in the summer later that year.

The firm also secured a £20m upgrade of two existing data centres for a global banking and financial services organisation in the UK, in 2014.

Commenting on today’s news, ISG chief executive David Lawther said: “As a leading international data centre delivery partner, securing repeat opportunities across continental Europe, the UK and Nordics highlights the strength and depth of our technical expertise and consistent delivery credentials.”

The win comes two months after ISG’s UK construction arm lost £18.1m during 2014/15, contributing to an overall loss of £27.8m.

The construction business incurred “sizable losses on a limited number of contracts” taken on during 2012 and 2013, ISG said this morning.

The group also set aside a total of £13.3m in the second half of the year to cover the costs of the closure of its loss-making London residential and Tonbridge offices.

Those provisions came “in addition to the £18m of losses reported in the first half”.

 

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