TL;DR:
- EQT Infrastructure partners with EdgeConneX to develop purpose-built data centers for global hyperscale clients.
- EdgeConneX, backed by EQT Infrastructure IV and EQT Infrastructure V, has tripled its capacity and expanded into new markets since its 2020 acquisition by EQT.
- The data center industry’s growth is driven by digitalization, cloud adoption, and the rise of AI.
- EQT Infrastructure VI’s investment aims to create hundreds of megawatts of data center capacity to support hyperscale customers.
- This partnership leverages EQT’s global presence and EdgeConneX’s expertise to provide critical digital infrastructure on a global scale.
Main AI News:
In a strategic move set to reshape the data center landscape, EQT Infrastructure VI fund (“EQT Infrastructure”) has forged a powerful partnership with EdgeConneX to construct and manage cutting-edge, purpose-built data centers catering to the needs of hyperscale clients on a global scale, as they venture into uncharted territories. EdgeConneX, a prominent data center provider, receives backing from EQT Infrastructure IV and EQT Infrastructure V.
Since its acquisition by EQT in 2020, EdgeConneX has witnessed remarkable growth, tripling its capacity and extending its reach into Asia, Latin America, and emerging European markets. Today, the company boasts an impressive global footprint comprising 80 data centers in operation or under development, spanning over 50 markets across North America, Europe, APAC, and South America.
The ever-expanding data center industry is propelled by significant trends such as digitalization, widespread cloud adoption, and the ascendancy of artificial intelligence (AI). Projections indicate that the demand for capacity to cater to AI-centric deployments will triple by 2030. EQT Infrastructure VI’s substantial investment, in collaboration with EdgeConneX, is poised to bring into existence hundreds of megawatts of data center capacity crucial to supporting hyperscale clients and fostering the growth of the global digital economy.
Jan Vesely, a partner within EQT Infrastructure’s Advisory team, expressed, “With the backing of EQT Infrastructure’s extensive global presence, industry know-how, and unwavering commitment to sustainable expansion, EdgeConneX, in tandem with this innovative venture, is well-positioned to emerge as a frontrunner in the realm of critical digital infrastructure on a worldwide scale. EdgeConneX, as a pioneering data center solutions provider, possesses an established track record and profound expertise, making them well-equipped to spearhead this expansion and fulfill the diverse needs of hyperscale clients worldwide.”
EdgeConneX CEO Randy Brouckman added, “Our customer-centric philosophy has always been centered around providing our clients with the requisite capacity, precisely configured, in the right markets, and at the opportune moment. In the midst of the rapid proliferation of data and computational demands, data centers stand as the indispensable infrastructure that houses and links technologies, corporations, and end-users, thus facilitating the future growth of the global digital economy. With EQT’s deep-rooted local presence in critical markets worldwide, EdgeConneX has experienced rapid growth, and we are eager to explore the vast potential that this new partnership with EQT will unlock.“
Conclusion:
The collaboration between EQT Infrastructure and EdgeConneX signifies a significant expansion in the data center market, catering to the growing demand driven by digitalization and AI. This strategic partnership positions both companies to be leaders in providing essential digital infrastructure worldwide, contributing to the continued growth of the global digital economy.
