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DataBank sells five data centres in France to Etix Everywhere for £54m

Written by Wed 4 Oct 2023

Cloud and data centre service provider DataBank has completed the sale of its five data centre in France to edge data centre provider Etix Everywhere. The deal was valued at £54.2 million ($66 million).

The deal included DataBank’s three data centres in Paris, one data centre in Toulouse, and another in Montpellier.

In total there is 63,760sqft of raised floor space and 3.7MW of capacity across approximately 1,000 racks. Etix said the portfolio is expandable to 5.4MW and 1,500 racks.

“We are glad to complete the sale of our French assets to Etix Everywhere, and have our French customers and employees join a platform extremely focused on the European market,” said Raul Martynek, CEO at DataBank.

DataBank said the sale of the data centre assets allows the company to ‘fully focus on its core US market’. DataBank has more than 65 facilities in 27 markets in the US.

“Now, we will be able to target our capital and resources on deepening our US portfolio to meet the increasing demand for data centre capacity that has been unleashed by artificial intelligence applications,” added Martynek.

Guggenheim Partners served as financial advisor to DataBank in connection with the transaction. Legal counsel was provided by Delsol Avocats.

DataBank initially acquired the French data centres as part of a transaction with zColo in 2020.

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Written by Wed 4 Oct 2023

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