Colo Bytes: QTS, Databank, Novva, EDGENEX

September 2nd, 2021 by · Leave a Comment

Four items of data center news from around the industry:

QTS has officially gone private. Blackstone Funds this week formally completed its $10B acquisition of the data center provider. QTS's footprint now spans more than 7M square feet across 10 US states and the Netherlands. As a portfolio company of Blackstone, they will have greater flexibility in pursuing further expansion projects both within those markets and beyond.

Databank has broken ground on a new data center out in Bluffdale, Utah. The new facility will be located on their Granite Point Campus and will be the company's sixth facility in the Salt Lake City metro area. Ever since entering Salt Lake City via the C-7 deal four years ago, DataBank has found plenty of growth opportunities out on the Silicon Slopes.

Utah-based Novva Data Centers has bought its way into Colorado. They have acquired a 37-acre campus with 190k square feet and 6MW of data center and supporting facilities in Colorado Springs. Novva plans to invest $200M in an expansion that will add 250K square feet of space and bring the total power available to 30MW. Novva operates 1.5M square feet of space in West Jordan, Utah.

And a new data center operator has entered the market. Backed by a Dubai conglomerate, EDGENEX officially launched this week with plans for both inorganic and organic expansion. The company plans to focus on the hyperscale market in eerging or underserved markets globally. That's pretty general though, and it will be interesting to see just how and where those plans manifest in reality.

 

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Categories: Datacenter · Mergers and Acquisitions

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