Meeting Hyperscale Needs: EQT Infrastructure VI and EdgeConneX Plan Data Center Expansion

Meeting Hyperscale Needs: EQT Infrastructure VI and EdgeConneX Plan Data Center Expansion

(IN BRIEF) EQT Infrastructure VI is partnering with data center provider EdgeConneX to expand global data center capacity, focusing on serving hyperscale customers. This collaboration aims to meet the growing demand for data center capacity driven by digitalization, cloud adoption, and the rise of artificial intelligence (AI). EdgeConneX, backed by EQT Infrastructure IV and EQT Infrastructure V, has significantly expanded its capacity since EQT’s acquisition in 2020 and now operates 80 data centers in over 50 markets worldwide. The partnership seeks to build hundreds of megawatts of data center capacity to support the world’s digital economies. This aligns with EQT’s commitment to sustainable growth and expanding EdgeConneX’s presence in the global digital infrastructure market.

(PRESS RELEASE) STOCKHOLM, 5-Jan-2024 — /EuropaWire/ — EQT AB, a purpose-driven global investment organization focused on active ownership strategies, announces that EQT Infrastructure VI has agreed on a strategic partnership with data center provider EdgeConneX to build and operate high-powered, purpose-built data centers catering to hyperscale customers worldwide. The collaboration aims to address the increasing demand for data center capacity driven by digitalization, cloud adoption, and the growth of artificial intelligence (AI) applications. It is estimated that the capacity required to support AI-focused deployments will triple by 2030.

EdgeConneX, with support from EQT Infrastructure’s global presence and industry expertise, seeks to solidify its position as a leading provider of critical digital infrastructure globally. Since EQT’s acquisition in 2020, EdgeConneX has significantly expanded its capacity and footprint, venturing into new markets across Asia, Latin America, and Europe. The company now operates or is developing 80 data centers in over 50 markets worldwide.

Jan Vesely, a partner within EQT Infrastructure’s Advisory team, emphasized the strategic significance of this partnership, stating, “With the support of EQT Infrastructure’s global presence, industry expertise and dedication to sustainable growth, EdgeConneX together with this new initiative is well-positioned to be a leading provider of critical digital infrastructure worldwide. EdgeConneX is a pioneering data center solutions provider, and its team has the proven track record and deep experience necessary to help lead this expansion and meet hyperscale customers’ needs around the world.”

Randy Brouckman, CEO of EdgeConneX, underscored the customer-centric approach and the critical role of data centers in connecting technologies, companies, and end-users to drive the growth of digital economies. He expressed excitement stating, “We have always taken a customer-centric approach, focused on giving our customers the capacity they need, in the right configuration, in the right markets, at the right time. Amid the rapid proliferation of data and compute, data centers are the critical infrastructure housing and connecting the technologies, the companies, and the end-users, thus enabling the future growth of the world’s digital economies. With the support of EQT’s deep local presence in critical markets around the world, EdgeConneX has expanded rapidly, and we’re excited about the opportunities this new partnership with EQT will unlock.”

With this investment, EQT Infrastructure VI aims to build out hundreds of megawatts of data center capacity to meet the evolving needs of hyperscale customers and support the digital economies worldwide. The data center industry’s growth trajectory aligns with the strategic objectives of EQT Infrastructure VI and EdgeConneX, as they strive to provide cutting-edge digital infrastructure solutions.

This partnership signifies EQT Infrastructure VI’s commitment to sustainable growth and its dedication to positioning EdgeConneX as a key player in the global digital infrastructure landscape. The transaction is expected to result in EQT Infrastructure VI being 30-35 percent invested based on its target fund size, which includes closed and/or signed investments, announced public offers, and any expected syndication.

The information contained herein does not constitute an offer to sell, nor a solicitation of an offer to buy, any security, and may not be used or relied upon in connection with any offer or solicitation. Any offer or solicitation in respect of EQT Infrastructure VI will be made only through a confidential private placement memorandum and related documents which will be furnished to qualified investors on a confidential basis in accordance with applicable laws and regulations. The information contained herein is not for publication or distribution to persons in the United States of America. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold without registration thereunder or pursuant to an available exemption therefrom. Any offering of securities to be made in the United States would have to be made by means of an offering document that would be obtainable from the issuer or its agents and would contain detailed information about the issuer of the securities and its management, as well as financial information. The securities may not be offered or sold in the United States absent registration or an exemption from registration.

Contact
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

SOURCE: EQT AB