More than a year ago, private equity firm EQT Infrastructure announced its intention to buy EdgeConneX. Data center solutions provider EdgeConneX operates over 40 facilities in 33 markets across North America, Europe, and South America. The acquisition by EQT Infrastructure has now been completed.
This acquisition would enable EdgeConneX to accelerate its aggressive growth plans in both existing and new markets globally. EdgeConneX’s data centers are specifically designed to provide “robust” power and cooling with the highest levels of reliability. 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 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 center requirements and global expansions needs.”
Edge Data Centers
EdgeConneX is aiming its data center services at the growing number of bandwidth intensive and latency sensitive workloads generated by emerging technologies such as Artificial Intelligence (AI), Internet-of-Things (IoT), Virtual and Augmented Reality (VR and AR), and Cloud Gaming, which all will depend on edge data centers.
“EQT is thrilled to partner with EdgeConneX on its journey to continue growing as a top data center industry player globally,” said Jan Vesely, Partner at EQT Partners. “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.”