Welsh datacentre firm acquired for millions
A datacentre company based in Newport has been acquired in a deal worth millions.
Next Generation Data, which operates the biggest datacentre in Europe, has been bought by InfraVia Partners.
The exact financial details of the deal haven’t been unveiled by the firms, but it’s thought to be near £100m. NDG’s founders Simon Taylor and Nick Razey are to remain as stakeholders.
In 2010, it launched a 750,000 sq ft data centre operation in the Welsh city of Newport. It’s based at the old LG Semicon plant.
The largest in Europe, it sports a private connection to the National SuperGrid, which provides up to 180MW of power created from renewable resources.
This has helped it attract a range of large multinational clients, particularly cloud computing firms. It’s worked with the likes of IBM, BT, Wipro Technologies and the Welsh Government.
NGD said investment from the deal will help it accelerate further growth. It’ll expand its existing UK operations and capacity, including the launch of a new site and connection for transatlantic fibre networks.
At the same time, it’ll step up its international sales efforts, particularly in North America and Asia. The current management and infrastructure will be retained.
Simon Taylor, NGD’s Chairman, said: “We have become the UK’s first choice for blue chip organisations requiring spacious world-class data centre facilities for reasons of power, energy efficiency, security and price.
“With the additional financial resources of InfraVia we will be able to take our business to the next level by maximising repeat and new business opportunities as global organisations continue to demand more data centre space and power for accommodating increased cloud computing deployments.
“In addition, we believe that Brexit will possibly increase the on-shoring of data which we see as positive for NGD going forward.”
Vincent Levita, founder and CEO of InfraVia, said: “We have been impressed by the momentum achieved by the management team and we believe that NGD is ideally positioned to capture further growth thanks to its unique offering, flexible expansion potential and high quality infrastructure.
“We are delighted to start the deployment of our third fund with NGD and our ambition is to provide the company with long term institutional capital to embark into a new development phase.”