EQT funds back EdgeConneX data center global expansion

NEW YORK – EQT (ST:) Infrastructure VI fund has entered into a partnership with EdgeConneX, a prominent data center provider, to develop and manage high-powered data centers designed for hyperscale customers globally, with an emphasis on expanding into new markets. This collaboration aims to create hundreds of megawatts of new data center capacity to cater to the growing needs of cloud computing, artificial intelligence (AI), and other vital digital infrastructure.

EdgeConneX, which has grown significantly since its acquisition by EQT in 2020, now boasts a worldwide presence with 80 data centers either operational or under development across more than 50 markets in regions including North America, Europe, Asia-Pacific, and South America. This expansion has been driven by the increasing demand for digitalization, cloud services, and AI technologies, with predictions indicating that the capacity required for AI-focused deployments will triple by 2030.

Jan Vesely, a partner at EQT Infrastructure's Advisory team, highlighted that with EQT's support, EdgeConneX is poised to become a top provider of critical digital infrastructure worldwide. Randy Brouckman, CEO of EdgeConneX, emphasized the company's customer-centric approach and the strategic importance of data centers in supporting the growth of digital economies.

The investment by EQT Infrastructure VI is expected to result in the fund being 30-35 percent invested, factoring in closed or signed investments, announced public offers, and any anticipated syndication, based on the target fund size.

This news article is based on a press release statement from EQT and EdgeConneX.

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