Nantes, July 3rd, 2023 – Etix Everywhere (Etix) announced today that it has entered into an agreement with DataBank to acquire its five data centers in France (operating as “zColo France SAS”). DataBank initially acquired those assets as part of the zColo transaction in 2020.
The acquisition will be realised thanks to the support of Eurazeo through its Eurazeo Transition Infrastructure Fund (ETIF). ETIF became a key shareholder of Etix in February 2023 alongside Global Data Centre Investment fund (GDC – ASX) thereby enabling the company to accelerate its expansion strategy.
The five data centers (three located in Paris and one each in Montpellier and Toulouse) currently have 3.5MW/1,000 racks of a useable capacity which is expandable to 5.4MW/1,500 racks (max IT capacity). These assets will be extremely complementary to Etix’s current French data centers as it expands its geographic presence in three new regions in central and southern France. This increases the maximum potential capacity across the Etix portfolio to 17.3MW.
With this acquisition, Etix strengthens its position as the undisputed leader in the regional French data center market with now 12 data centers in 5 different regions. Etix continues to innovate and provide cutting-edge data center solutions to meet the evolving needs of its clients and to pursue its decarbonization pathway.
Louis Blanchot, CEO of Etix Everywhere: “We deeply think edge data centers will be a key component of tomorrow’s lives. This new acquisition is a strategic move to strengthen our leadership position in the French regional market and accelerate our development in Europe where we aim to double our DC portfolio in the next 3 years.”
Raul Martynek, CEO of DataBank: “This transaction allows DataBank to focus capital and resources on our core U.S. market. With a remaining portfolio of 65+ data centers in more than 27+ markets, we remain the leading edge data center provider in the U.S. with more facilities in more markets than any other provider, public or private.”
Both DataBank and Etix have a proven track record of successfully acquiring and integrating assets and will work together under the terms of a 6-month Transition Service Agreement (TSA) to ensure a smooth transition of all customers and operations.
The acquisition of zColo France is subject to customary conditions and regulatory approvals. The transaction is anticipated to close by end of Q3 2023.
ODDO BHF is serving as financial advisor to Etix in connection with the transaction and Herbert Smith Freehills is serving as legal counsel. Guggenheim Partners is acting as the financial advisor to DataBank, and Delsol Avocats is serving as legal advisor.
ABOUT ETIX EVERYWHERE
Etix Everywhere is a prominent player in the data center industry, providing secure and interconnected data center solutions to clients worldwide through its global network of 15 data centers.
With a commitment to energy efficiency, proximity-based edge data centers, and ambitious growth plans, Etix is driving innovation and shaping the future of data center services in Europe and South-East-Asia.
DataBank helps the world’s largest enterprises, technology, and content providers ensure their data and applications are always on, always secure, always compliant, and ready to scale to meet the needs of the artificial intelligence era.
Its edge colocation and infrastructure footprint consist of 65+ “HPC-ready” data centers in 27+ markets, 20 interconnection hubs, and on-ramps to an ecosystem of cloud providers with virtually unlimited reach.