EdgeConneX and EQT close acquisition
EdgeConneX has announced that its acquisition by EQT Infrastructure from an investor group led by Providence Equity Partners, has closed.
The transaction was consummated following receipt of required regulatory approvals pursuant to the terms of the definitive agreement previously announced on 19 August, 2020.
The company said that the acquisition by EQT Infrastructure is set to enable EdgeConneX to accelerate its growth plans in both existing and new markets globally.
EdgeConneX's data centres are designed to provide power and cooling, and many are strategically positioned near network aggregation points at the edge, where customers consume content or where businesses consume cloud services.
"The closing of this transaction marks a major milestone in EdgeConneX's decade-long history, and I look forward to leading the Company into its exciting next chapter,” said Randy Brouckman, CEO of EdgeConneX.
“EQT's financial strength, digital infrastructure expertise and strategic focus will help propel the company forward, as we are well positioned to address our customers' future data centre requirements and global expansions needs."
EQT Infrastructure is set to support the continued development of EdgeConneX and actively assist the company in its pursuit of new opportunities to grow in existing and new markets.
EdgeConneX is positioned to capture the growing number of bandwidth intensive and latency sensitive workloads generated by emerging technologies such as AI, Internet-of-Things, virtual and augmented reality, and cloud gaming, which all will depend on edge data centres.
Jan Vesely, partner at EQT Partners, said: "EQT is thrilled to partner with EdgeConneX on its journey to continue growing as a top data centre industry player globally. We are already deeply impressed with EdgeConneX's management team and look forward to future success developing the business.
"This partnership represents an exciting opportunity for EQT in a sector where we have significant experience, in owning and developing strong data centre assets on both sides of the Atlantic and beyond."