DEUTSCHE BETEILIGUNGS ACQUIRES TWO NEW DATA CENTRES FACILITIES

PRESS RELEASE: Deutsche Beteiligungs AG (DBAG) is investing in two data centres in Hamburg: It is acquiring both akquinet Rechenzentrum “Lighthouse” GmbH & Co. KG, which already has a fully utilised data centre in Hamburg, and akquinet cubit GmbH, which has another there. The sellers are three private individuals and akquinet AG (Hamburg). The two data centres will be brought together under the umbrella of a newly founded company under joint management and form the basis for a new data centre operator, which is to grow throughout the DACH region through organic growth and acquisitions. DBAG enters into a long-term investment with the two data centres. An equity investment of up to EUR 23 million is planned for the complete acquisition of each of the two companies. The transaction is expected to close in the second quarter. In addition, DBAG is investing in akquinet AG, a German provider of extensive IT services. akquinet AG is sold as part of a management buyout; there is a separate press release for this.

DBAG finances long-term investments exclusively from its balance sheet and thus does not invest alongside a DBAG fund; the investment horizon of a long-term investment goes beyond the term of a private equity fund. The new investment is the third long-term investment in the portfolio.

The two data centres are so-called co-location data centres that are used by several customers to operate their own servers in a suitable, secure environment. The existing data centre is fully utilised with mostly long-term leases. Increased demand from existing customers forms the basis for the expected capacity utilisation of the new data centre from 2023, for which additional customers have already been won. It will be set up at the highest security level, so it will meet a very high level of protection and offer the highest possible availability. Energy efficiency is of particular importance. The existing data centre only uses electricity from renewable sources, and a sports hall is heated with the waste heat from the servers. It is the first co-location data centre to be awarded the “Blue Angel” eco-label from the Federal Environment Agency. Its energy requirements are around a third below the average, and further improvements are being sought for the data centre that is currently being built.

Due to the digitisation of more and more areas of the economy and life, the demand for data centre capacity is increasing enormously – a tripling is expected for the period between 2020 and 2025 alone. Demand is also determined by the regional economic structure, as customers prefer nearby data centres for critical services. Hamburg is considered an attractive market – partly because of the city's economic focus on e-commerce and logistics. In addition, Hamburg is one of the most important media and IT locations in Germany. The two data centres, each with a capacity of two megawatts, will account for around ten percent of the market in Hamburg.

“With their mostly long-term leases, data canters offer very predictable income,” says DBAG board member Tom Alzin, explaining the transaction;

 

“Due to their investment profile, they are therefore very suitable as a long-term investment.”

 

“The growing market offers potential for organic and inorganic growth, which we want to use with the new data centre operating company.”

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