UK colo Amito nets £40m investment from Harwood Private Equity

Harwood will take a minority stake in the company

UK-based colocation company Amito has secured a £38.7 million investment from Harwood Private Equity to help grow its business.

The data centre owner and operator, which owns a Tier 3 facility in Reading, said it will use the funds to support an “ambitious” expansion plan.

Harwood will take a minority stake in the company.

‘Accelerate growth’

Amito also provides colocation services through a network of 20 facilities across the UK, services primarily housed in data centres operated by third parties such as Equinix, Digital Realty, and Telehouse.

The company was formed in 2018 from the merger of Crosspoint, Everest Data Centres and Rapidswitch – the hosting company created by Amito CEO Ed Butler way back in 2001.

“We are delighted to announce the investment partnership with Harwood,” said Butler.

“We believe we have secured a partner who shares our vision for the business, has extensive experience in our industry, and is committed to supporting our goals with their expertise,” he added.

“We are proud of Amito’s success so far and are keen to realise the next phase of our growth strategy alongside Harwood.”

Jeremy Brade, Partner at Harwood Private Equity said Amito had proven itself to be an “exceptional regional data centre delivering consistently distinguished service to its growing customer base”.

“We have been impressed with the Amito management team, its achievements to date and its powerful commitment to accelerate growth and expand,” he added.

“We look forward to working alongside the team to achieve these goals.”