DIGITAL 9 INFRASTRUCTURE ACQUIRES VOLTA DATA CENTRES
PRESS RELEASE: Digital 9 Infrastructure has signed a binding sale and purchase agreement for the acquisition of GAData Holdings Limited, trading as Volta Data Centres, for £45 million.
Volta wholly owns and operates a premier data centre facility based in central London, providing co-location services. The Acquisition delivers on D9’s metro edge data centre strategy, identifying facilities located in or near urban centres offering robust connectivity to customers which require low latency solutions. This complements D9’s Verne Global and SeaEdge data centre strategies.
- 6 MW data centre in central London, operating since 2013
- Over 40 networks available in its carrier-neutral facility, ranking it in the top 10 for connectivity amongst all central London data centres, and first amongst independents
- Diversified customer base of over 100 clients from the finance, media, tech, telecom and energy sectors
- Offers direct access to multiple cloud platforms
- Over 50% of the MW sold have a direct power pass through in the contract, reducing Volta’s exposure to power price fluctuations
- Focus on achieving carbon neutrality, with energy sourced from renewable sources
- Owns the long leasehold to the 91,000 square foot building in which it operates, on the edge of the City of London, a short walk from Farringdon Station
- Central London location is in line with D9’s stated strategy of acquiring assets with robust connectivity close to end users and devices in metro edge locations, complementing its Verne Global and SeaEdge data centre strategies
Jack Waters, Chair of Digital 9 Infrastructure plc, commented: “Data centres form a key part of the digital infrastructure backbone. The acquisition of Volta, which was a pipeline investment identified at IPO, adds to our portfolio of data centres which are in key connectivity locations, as D9 continues to build an integrated platform, driving connectivity throughout its investments.”
Thor Johnsen, Head of Digital Infrastructure at Triple Point Investment Management LLP, commented: “Volta is one of central London’s best connected data centres, providing a unique opportunity to purchase a freehold operating asset with over 100 customers and an exciting long-term future as customers continue to seek low latency access in key centralised locations. We are particularly excited to explore opportunities across existing enterprise customers to optimise data centre utilisation across the broader platform, balancing the low latency metro access of Volta with the predictable power costs and sustainability benefits of our Nordic data centre platform, Verne Global.”
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