EQT Acquires leading Global Data Centre provider EdgeConneX
EQT Infrastructure’s IV fund is set to acquire the leading global data centre provider EdgeConneX, a leading global data centre provider that serves fast-growing hyperscale and edge ecosystems.
EdgeConneX already has a global footprint, given that it operates and develops at more than 40 facilities in 33 markets around the world. The partnership with EQT Infrastructure exists to build and operate high-powered and purpose-built data centres for hyperscale customers worldwide.
It also aims to expand into new markets as, since EQT acquired the company in 2020, EdgeConneX has more than tripled its capacity and expanded across the world.
Expanding a global data centre presence
Since the acquisition, EdgeConneX now has a presence in Asia, Latin America and new European markets. The company works to build and operate data centres for cloud, content, network and other service providers requiring larger purpose-built facilities or edge facilities.
Today, the company has a global footprint of 80 data centres in operation or development in more than 50 markets across North America, Europe, APAC and South America.
For both consumer and enterprise users, the company can support latency-sensitive applications cost effectively as customers continue to rapidly expand their critical infrastructure around the world. This new partnership with EQT Infrastructure will support continued development of EdgeConneX and actively assist the company in its pursuit of new opportunities to grow.
Jan Vesely, a partner within EQT Infrastructure’s Advisory team, says: “With the support of EQT Infrastructure’s global presence, industry expertise and dedication to sustainable growth, EdgeConneX together with this new initiative is well-positioned to be a leading provider of critical digital infrastructure worldwide.
“EdgeConneX is a pioneering data centre solutions provider, and its team has the proven track record and deep experience necessary to help lead this expansion and meet hyperscale customers’ needs around the world.”
Supported by digitalisation, driven by AI and IoT
It is no secret that the data centre industry has seen huge upheaval over the past year, with continued unprecedented growth. Business leaders have had to work hard to capitalise on key technological trends, including increased digitalisation, the rise of artificial intelligence (AI).
In fact, a recent Telehouse report found that more than three in five (61%) IT decision-makers are anticipating a rise in their organisation’s investment in data centre infrastructure to address future challenges between now and 2030. 43% of those surveyed are also expecting a rise in AI integration as a key digital infrastructure challenge.
As the demand for data continues to rise, being driven by AI, 5G networks, autonomous vehicles, virtual reality and the Internet-of-Things (IoT), EdgeConneX believes that it will be able to continue to develop the critical infrastructure needed to support the needs of its customers. The investment also intends to build out hundreds of megawatts of data centre capacity necessary to support hyperscale customers and the world’s digital economies.
Randy Brouckman, CEO of EdgeConneX, says, “We have always taken a customer-centric approach, focused on giving our customers the capacity they need, in the right configuration, in the right markets, at the right time. Amid the rapid proliferation of data and compute, data centres are the critical infrastructure housing and connecting the technologies, the companies, and the end-users, thus enabling the future growth of the world’s digital economies.
“With the support of EQT’s deep local presence in critical markets around the world, EdgeConneX has expanded rapidly, and we’re excited about the opportunities this new partnership with EQT will unlock.”
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