DATA4 to open 23 European data centres backed by major capital raised
The funding was carried out by a pool of investors brought together by AXA IM – Real Assets, for the support of the development of data centres.
DATA4 has announced a major capital raise in order to accelerate the data centre provider’s international growth strategy and double its revenues by 2024.
DATA4 designs, develops and operates its own data centres, with the company stating that it has experienced strong growth over the past three years.
Created in France in 2006 and acquired in 2018 by AXA IM – Real Assets, DATA4 currently operates 19 data centres in France, Luxembourg, Italy and Spain.
The global COVID-19 pandemic has further underlined the importance of data storage in modern society in a number of ways including, most specifically, necessitating a widespread adoption of remote working and expanding ecommerce penetration, thereby accelerating already prevalent structural trends.
“Having reinforced our commitment to DATA4 less than two years ago when we acquired full control of the platform, this fund raise from two key new investors represents an important next stage for the business and will allow us to further accelerate DATA4’s growth,” said Isabelle Scemama, CEO of AXA IM – Real Assets.
“Our new partners are aligned with our conviction in the company’s seasoned management team’s ability to scale up DATA4 and take advantage of the forecast exponential growth in demand for data over the coming years.
“Having now worked with DATA4 team for almost 8 years, we have full confidence in its market-leading capabilities in the data centre management space, and continue to consider this investment to be of strategic importance of AXA IM – Real Assets as we look to grow our exposure to the growing digital infrastructure sector and its attractive demand-driven potential.”
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With this additional funding, DATA4 aims to double its revenues by 2024 through an acceleration of its development in existing markets and internationally.
The company said it plans to expand its existing network and build 23 new data centres, and is actively pursuing new acquisition targets with the aim of developing its international footprint, particularly in Germany, Central Europe and Scandinavia.
DATA4 also plans to deploy more than €650 million of investment over the next five years for its international development and innovation, the same amount as deployed over the past 13 years.
Olivier Micheli, Chairman of DATA4 Group, concluded: “We are delighted with the renewed confidence and support from AXA IM – Real Assets, which has proved so helpful in accelerating our growth over the last few years.
“Their trust will enable DATA4 to take a major step forward in its development. Our ambition is very clear: to double our revenues within five years and to strengthen our position as a leading native European data centre provider.
“Already committed to an eco-responsible approach, we will continue to invest heavily to develop intelligent buildings and to bring more innovation to our customers.”
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