IPI Partners has grown its data centre presence in Europe with the acquisition of Nordic data centre developer DigiPlex.
DigiPlex said it has agreed to be bought by affiliates of IPI, without disclosing any financial information.
DigiPlex operates eight data centres across campuses in Oslo, Norway; Stockholm, Sweden; and Copenhagen, Denmark with a combined footprint of 21,000sqm.
The acquisition gives IPI an immediate strong presence in the region as well as capacity for expansion to accommodate the requirements of hyperscalers and major colocation tenants.
For DigiPlex, the transaction provides capital, expertise and relationships to amplify its next stage of growth within the Nordics and beyond, DigiPlex said.
DigiPlex is IPI’s second acquisition in Europe, following the purchase of Milan-based Supernap Italia in February.
Co-sponsored by Iconiq Capital, IPI specialises in acquiring, developing, leasing and operating critical digital infrastructure assets.
Matt A’Hearn, partner at IPI Partners, said: “DigiPlex is a market leader in the high-growth Nordic data centre sector and we have long admired the quality of its management, employees and business strategy.
“With DigiPlex’s existing scaled presence and deep development expertise, we will significantly expand our hyperscale-focused data centre portfolio in Europe, a key region of focus for IPI.”
J Byrne Murphy, founder and chairman of DigiPlex, said: “What DigiPlex has achieved over the past 20 years is an amazing accomplishment and a testament to the incredible people who work there.
”It is the right time to give DigiPlex extended firepower to capitalize on its advantages and benefit from the next wave of growth in the industry.”
Wiljar Nesse, CEO of DigiPlex, said: “At a time of rapid growth for the industry, IPI provides near-term scalability to DigiPlex.
”New capital, as well as a global footprint and access to global supply chains, relationships and customers are expected to supercharge our growth, enabling us to continue meeting the hyperscale demand that we are experiencing.”
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