Equinix pumps €32m into data centre in Finland
25 January 2021 | Abigail Opiah
Equinix, Inc. (Nasdaq: EQIX) has announced it is continuing to invest in growing its data centre capacity in Finland.
The company is expanding two of its International Business Exchange (IBX) sites (HE5 and HE7) in Helsinki, with a €32 million investment. In total, Equinix has invested approximately €147 million into its data centres in Finland.
This investment is part of Equinix’s continuing metro growth strategy in the Nordics region, with Finland being a good location to reach the 27 million consumers in the Nordics area.
The company added that the expansion is set to utilise Finland’s standing as a connectivity hub between Europe, the Baltics and Russia.
“The pace of digitization worldwide, including in Finland, has greatly accelerated in the past few years,” said Sami Holopainen, Managing Director, Finland, Equinix.
“The COVID-19 pandemic has further contributed to this, with many digital transformation plans implemented more quickly than companies had originally anticipated was necessary.
“Customer demand in Finland continues to grow, which is why we are investing in additional capacity to further support the technological developments of companies operating here. As an important part of Equinix’s global platform, we are well equipped to help our customers in their digitization efforts.”
The new expansions to HE5 and HE7 will add approximately 800 cabinets to Equinix’s current portfolio.
The two data centres are a part of Equinix’s global digital infrastructure platform, which consists of more than 220 data centres worldwide.
“Finland is an excellent location for Equinix,” said Judith Gardiner, Vice President, Growth and Emerging Markets, Equinix.
“The cool Nordic climate is a tremendous asset in reducing the need for cooling power, and its connectivity to other markets, particularly Eastern Europe, very much supports digital business options.
“In the near future, Finland will also have the shortest latency route between Europe and Asia-Pacific, when the Arctic Connect Cable project, led by the Cinia Alliance, is complete. Meanwhile, the expansion of HE5 and HE7 is a part of an ongoing growth strategy in the region.”
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