Vantage Data Centers Embarks Upon USD 2 Billion European Expansion

19 Feb 2020 by Technology

Vantage Data Centers, a leading global provider of hyperscale data center campuses, is expanding beyond North America for the first time. The provider intends to invest USD 2 billion in its planned European expansion. As part of the expansion, the company acquired Luxembourg-based data center provider Etix Everywhere. Vantage also announced greenfield developments in four additional European markets.

“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. The acquisition of Etix accelerates our expansion to Frankfurt, Europe’s highest growth hyperscale market," said Sureel Choksi, president and CEO of Vantage.

Etix is a leading EMEA data center provider with more than 50MW of built data center capacity across its footprint. Its portfolio includes a 55MW hyperscale data center campus currently under development in Offenbach, Germany, just outside of Frankfurt. The site is strategically located. It is situated within a kilometer of the 60MW Interxion campus, where DE-CIX, one of the world’s largest internet exchanges, has been established since 1998.

Antoine Boniface, former CEO of Etix, has joined the Vantage executive team to serve as president, Europe, as per the deal. “The Etix team and I are thrilled to join Vantage,” said Boniface. “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.”

Besides the acquisition of Etix, Vantage also announced the development of new greenfield hyperscale data center campuses. The facilities are currently underway. And they are in the following European markets:

Berlin: 64MW campus on 13 acres (5 hectares)

Frankfurt: 55MW campus on 8 acres (3 hectares)

Milan: 32MW campus on 17 acres (7 hectares)

Warsaw: 64MW campus 12 acres (5 hectares)

Zurich: 40MW campus on 7 acres (3 hectares)

Vantage did not disclose the financial terms of the Etix transaction. Vantage informed that it would be investing $2 billion for European expansion. It includes more than $800 million in new equity capital provided by Vantage’s current investors and a new commitment from Digital Colony Partners. With this European expansion, Vantage will now operate hyperscale data center campuses in 11 markets globally.

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