EQT Infrastructure has acquired EdgeConneX, a provider of data center solutions, from an investor group led by Providence Equity Partners. No financial terms were disclosed.
Herndon, VA, – November 5, 2020 — EdgeConneX®, the pioneer in Edge data center® development announced today 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 August 19, 2020.
The acquisition by EQT Infrastructure enables EdgeConneX to accelerate its aggressive growth plans in both existing and new markets globally, unlocking even greater capabilities, value, and innovations for its customers.
EdgeConneX’s data centers are specifically designed to provide robust power and cooling with the highest levels of reliability, and many are strategically positioned near network aggregation points at the edge, where customers consume content or where businesses consume cloud services.
EQT Infrastructure will support the continued development of EdgeConneX and actively assist the Company in its pursuit of new opportunities to grow in existing and new markets. The Company is expected to benefit from powerful industry tailwinds such as cloud adoption and data consumption. Moreover, EdgeConneX is well positioned to capture the growing number of bandwidth intensive and latency sensitive workloads generated by emerging technologies such as Artificial Intelligence, Internet-of-Things, Virtual and Augmented Reality, and Cloud Gaming, which all will depend on edge data centers.
Randy Brouckman, CEO of EdgeConneX, stated, “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. 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 center requirements and global expansions needs.”
Jan Vesely, Partner at EQT Partners, said, “EQT is thrilled to partner with EdgeConneX on its journey to continue growing as a top data center 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 center assets on both sides of the Atlantic and beyond.”
For more information about EdgeConneX and its leading Edge of network infrastructure solutions for expanding and improving access to data, content, and communications anywhere, anytime, at any scale, visit edgeconnex.com or email firstname.lastname@example.org.
EdgeConneX provides a full range of data center solutions worldwide, from Hyperlocal to Hyperscale, from purpose-built to build-to-order, working closely with our customers to offer choice in location, scale, and type of facility. Delivering flexibility, connectivity, proximity, and value, EdgeConneX is a global leader in anytime, anywhere, any scale data center services for a diverse portfolio of industries including Content, Cloud, Networks, Gaming, Automotive, SaaS, IoT, HPC, Security, and more. More info: www.edgeconnex.com
About EQT EQT is a purpose-driven global investment organization with a 25-year track-record of consistent investment performance across multiple geographies, sectors, and strategies. EQT has raised more than EUR 75 billion since inception and currently more than EUR 46 billion in assets under management across 16 active funds within two business segments – Private Capital and Real Assets.
With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.
The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in 17 countries across Europe, Asia Pacific and North America with more than 700 employees.