Telecity has bought Dublin-based Data Electronics for £87.6m, boosting data-centre capacity to 4MW.
British company Telecity, which owns and operates data centres in European business hubs like London and Amsterdam, is now looking for similar deals according to chief executive Michael Tobin.
The data centre operator plans to almost double available capacity to 116MW, most of which is to be achieved in the next four years.
"We are talking to number of people and they may or may not come to fruition," Tobin said. "We are always on the lookout for the right deal for shareholders."
Telecity's carrier-neutral data centres have connections to all of the major telecoms networks and offer a premium service to customers.
The Irish deal was announced as Telecity saw a 45 per cent jump in adjusted pretax profit to £31.0m for the first half on 20 percent higher revenue of £112.2m.
"Our biggest growth areas are still the content and connectivity relationships, where you see the drivers from the internet in social media, content distribution through video downloads and mobile applications," said Tobin.
He added the company is also starting to see some pick-up in cloud services, data applications located on remote servers and accessed over the web.
"We don't provide the cloud services ourselves but we are the location of choice for cloud enablers," he said.