Digital 9 Infrastructure is buying Nordic data centre and cloud services provider Ficolo for €135m.
The London-listed investment trust said it has agreed to buy the 23MW data centre platform which has up to a further 90MW of expansion opportunity in its existing sites.
Ficolo provides colocation and connectivity services to a diversified Finnish and international customer base, with large IT/cybersecurity corporate clients.
Jack Waters, chair of Digital 9 Infrastructure, said: “Our data centre strategy is focused on identifying strategic locations that are suitable based on their level of connectivity and access to renewable energy.
“The acquisition of Ficolo, with its significant expansion potential, is another important step in D9’s ambition to decarbonise the data centre industry. Ficolo adds to our portfolio of Nordic data centres and represents some of the cleanest, lowest carbon footprint data centres globally.”
Thor Johnsen, the head of Digital 9 Infrastructure at Triple Point Investment Management, said: “Together with Ficolo, Digital 9 now how has one of the premier pan-European authentically green data-centre portfolios, benefiting from the less volatile, less carbon-intensive green energy supplies of the Nordics.
“Transitioning data centre services to our green data centre portfolio is not just a question of improving sustainability, but also benefiting from lower cost and less volatile power prices.
“The combined portfolio’s long track record of high-quality operations across the Nordics provides a significant growth opportunity to continue to invest and monetise capacity to local and international customers.”
To read the latest edition of the latest IPE Real Assets magazine click here.
