Telecity gets German clearance in Interxion merger

European data centre group Telecity has announced that Germany has given the green light for its recommended all-share merger with US-listed peer Interxion.

The Federal Cartel Office of Germany has cleared the deal in phase one under German merger control law.

While the transaction is still subject to other approvals, Telecity said it expects the merger to complete in the second half of 2015.

Telecity said last month that the combination of the two businesses is "strategically compelling" given the rapid increase in demand for data centre services as enterprise data and digital applications migrate to the cloud.

The company said on Monday: "Completion of the merger remains conditional upon, amongst other things, the receipt of all remaining regulatory and anti-trust approvals, the approval of TelecityGroup's shareholders and TelecityGroup having received valid acceptances for at least 95% of the total issued share capital of Interxion (or, at TelecityGroup's election, not less than 80%)."