ITS FIRST FACILITY IN SOUTH AMERICA
I Squared Capital’s Data Center platform, KIO has just announced that it signed an agreement for the acquisition of a new Data Center Campus in Colombia, Latin America.
Codenamed KIO BOG1, the new data center facility is located in Bogota, Colombia, and features 5,000 square meter of space, two data halls with 2,000 square meter of white space and a power capacity of 6MW for colocation services.
“For KIO it is highly strategic to continue expanding in LATAM and we have chosen Colombia because we are convinced of the economic potential and the growing demand for our services in this great country. We are working very well with our investment partners, I Squared Capital, in the execution of our expansion plans,” said Santiago Suinaga, KIO Data Centers CEO.
As announced, the data center is certified by the Uptime Institute at TIER III level and has additional land to build a second data center with similar characteristics, resulting in a potential capacity of up to 12 MW for the campus.
The company also stated that Colombia is its sixth country of operations, fifth in the Americas and first in South America, while claiming that the new facility, KIO BOG1, is located in one of most interconnected industrial complexes in the country with more than 14 network operators.
Recently, Aligned Data Centers also announced that it has enter a definitive agreement with Patria Investments and other selling stakeholders to acquire ODATA, a Latin America data center service provider. As announced the transaction is to be funded by the company alongside an equity investment from funds managed by SDC Capital Partners (“SDC”), an operationally focused digital infrastructure investment firm, however, the financial terms were not disclosed.
Similar to this announcement is Aphorio Carter’s acquisition of the Fibertown Data Center facility in Bryan, Texas U.S., for $55 million. As announced, the newly acquired data center facility includes two data center buildings and one office building totaling 69,788 square feet on 57 acres of land.