DATABANK TO SELL FRENCH DATA CENTRE ASSETS TO ETIX EVERYWHERE

Publishing Date: Jul 06, 2023

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DataBank, a leading provider of enterprise-class edge colocation, interconnection, and managed services, announced today that it has entered into an agreement to sell its five data centres in France (operating as “zColo France SAS”) to Etix Everywhere, an operator with edge data centres in France and Belgium. DataBank initially acquired the French data centres as part of the zColo transaction in 2020.

This transaction allows DataBank to focus capital and resources on our core U.S. market,” said Raul Martynek, DataBank's CEO. “With a remaining portfolio of 65+ data centres in more than 27+ markets, we remain the leading-edge data centre provider in the U.S. with more facilities in more markets than any other provider, public or private.”

Both DataBank and Etix Everywhere 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 closing of the deal is subject to customary conditions and regulatory approvals. The transaction is anticipated to close by end of Q3 2023.

Guggenheim Partners is serving as financial advisor to DataBank in connection with the transaction and Delsol Avocats is serving as legal counsel. ODDO BHF is acting as the financial advisor to Etix Everywhere, and Herbert Smith Freehills is serving as legal advisor.

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