Vantage Acquires NGD

April 10th, 2020 by · Leave a Comment

I managed to miss this one from earlier this week, but better late than never, right? Vantage Data Centers has made an inorganic move over in the UK. On Tuesday they announced a definitive agreement to acquire Next Generation Data.

NGD operates a major data center campus, but it's not quite in London where you might have expected to see Vantage moving in. Vantage's European expansion has brought them into Berlin, Frankfurt, Milan, Warsaw, and Zurich so far. And now with the acquisition of NGD, their sixth market will be Cardiff in South Wales, about 2 hours to the west of London's Heathrow Airport.

NGD operates a 72MW facility with expansion capacity of 108MW on some 50 acres in the Cardiff Capital Region. The site was redeveloped from a prior LG microchip plant back in 2007. InfraVia then stepped up to acquire a majority stake of the company four years ago.

Now it will pass into the hands of Digital Colony, which of course is the group behind Vantage and which will be providing the necessary funding. The deal is expected to close sometime in Q3.

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Categories: Datacenter · Mergers and Acquisitions

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