FLOW Digital Infrastructure has acquired Australian data centre company DXN for about A$26m (€18m).
ASX-listed DXN owns, operates, designs and manufactures data centres that are scalable, bespoke and rapidly deployable.
It currently operates three data centres located in Sydney, Tasmania, and Darwin.
Kris Kumar, chairman of FLOW, said: “This is an exciting opportunity for FLOW as we expand our footprint and enhance our capabilities to better serve our customers.”
Kumar described the investment as a “key milestone” for FLOW. He added that FLOW continued to strategically invest in digital infrastructure to meet the rapidly growing demand across its markets.
Amandine Wang, CEO of FLOW, said: “The proposed acquisition will also allow us to accelerate our build-out of a holistic digital infrastructure ecosystem in Asia Pacific.”
FLOW, launched in 2021 by Asia-based investment firm PAG, is a regional platform providing customised solutions to meet the growing demand for digital infrastructure in Asia-Pacific.
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