EXPANDING ITS EDGE FOOTPRINT
Digital 9 Infrastructure (D9) has just announced the signing of a definitive agreement to acquire GAData Holdings Limited which trades as Volta Data Centres.
Priced at £45 million, Volta owns and operates a 6MW data center facility which is located in central London, providing co-location services. The facility which has been in operation since 2013 features carrier-neutral connectivity with over 40 networks available on site.
Volta also possess the long leasehold to its 91,000 square foot data center building, seated on the edge of the City of London, a short distance from the Farringdon Station.
“Data centers form a key part of the digital infrastructure backbone. The acquisition of Volta, which was a pipeline investment identified at IPO, adds to our portfolio of data centers which are in key connectivity locations, as D9 continues to build an integrated platform, driving connectivity throughout its investments,” said Jack Waters, Chair of Digital 9 Infrastructure plc.
Digital 9 Infrastructure is a newly created digital infrastructure investment fund backed by Triple Point, a UK investment manager. According to Digital 9, the acquisition of Volta delivers on its metro edge data center strategy, which involves identifying facilities located in or near urban centers for the offering of robust connectivity to customers that require low latency solutions.
“Volta is one of central London’s best connected data centers, providing a unique opportunity to purchase a freehold operating asset with over 100 customers and an exciting long-term future as customers continue to seek low latency access in key centralized locations,” said Thor Johnsen, Head of Digital Infrastructure at Triple Point Investment Management LLP.
“We are particularly excited to explore opportunities across existing enterprise customers to optimize data center utilization across the broader platform, balancing the low latency metro access of Volta with the predictable power costs and sustainability benefits of our Nordic data center platform, Verne Global.”
This acquisition is expected to further complement Digital 9’s Verne Global data center strategies. Verne Global is a data center operator in Iceland which was acquired by Digital 9 Infrastructure in September 2021.