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For its European expansion, Vantage plans to invest a total of $2 billion
FREMONT, CA: Vantage Data Centers, a global provider of hyperscale data center campuses, secured more than $800 million in new equity funding from its current investors and new investor Digital Colony Partners.
With the new funding, Vantage Data Centers is making a move into Europe through the acquisition of Etix Everywhere and building five new greenfield hyperscale data center campuses. The latest funding followed up on last year’s $692 million in capital that the company raised to boost its expansion in North America.
“As data center demand from our customer base continues to rapidly increase worldwide, Vantage is embarking upon its largest expansion ever into Europe through the development of five strategic markets.” said Sureel Choksi, president and CEO of Vantage. “The acquisition of Etix accelerates our expansion to Frankfurt, Europe’s highest growth hyperscale market. We are very excited to welcome Antoine and his team to lead our European business.”
Founded in 2012, Etix operates 12 data centers for more than 200 customers, who are mainly in Europe. Etix also has data centers in Latin America and Africa. Its data center profile includes a 55-megawatt hyperscale data center in Frankfurt, Germany, which is currently under construction. Apart from Etix, Vantage has also bought land and planning to build hyperscale data center campuses in Berlin, Milan, Warsaw, and Zurich.
Antoine Boniface, the former Etix CEO, has joined Vantage’s executive team as its president in Europe. Josh Buis, who joined Vantage last year as vice president for international business development, will serve as senior vice president, sales and business development for Europe.
“The Etix team and I are thrilled to join Vantage,” former Etix CEO, Antoine Boniface, said. “The experience that Vantage brings with North American-based hyperscale, cloud and wholesale customers, combined with Etix’s European experience and Frankfurt hyperscale campus, creates a compelling platform that is ideally positioned to serve customers across Europe."
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