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€135 Million Acquisition of Nordic Data Centre and Cloud Services Provider

Digital 9 has announced that it has signed a sale and purchase agreement for the acquisition of Ficolo for a total consideration of €135 million (the “Acquisition”). The Acquisition is expected to complete later this year following customary regulatory approval.

Ficolo is a leading Finnish data centre and cloud services platform. Its ultra-modern infrastructure, spread across three campuses, is industry-leading in terms of energy efficiency and environmental credentials, using 100% renewable power and distributing surplus heat to district heating networks.

The Acquisition builds upon D9’s strong presence in the Nordic data centre market. It delivers on D9’s environmentally sustainable data centre strategy which focuses on shifting the energy-intensive processing of growing data sets to the Nordics to deliver green data centre solutions in a geographically optimal environment. D9 expects material synergies through integrating Ficolo into its existing portfolio.

Jack Waters, Chair of Digital 9, commented: “Our data centre strategy is focused on identifying strategic locations that are suitable, based on their level of connectivity and access to renewable energy. The acquisition of Ficolo, with its significant expansion potential, is another important step in D9’s ambition to decarbonise the data centre industry. Ficolo adds to our portfolio of Nordic data centres and represents some of the cleanest, lowest carbon footprint data centres globally.”

Thor Johnsen, Head of Digital Infrastructure at Triple Point Investment Management LLP, commented: “Together with Ficolo, D9 now how has one of the premier pan-European authentically green data-centre portfolios, benefiting from the less volatile, less carbon-intensive green energy supplies of the Nordics. Transitioning data centre services to our green data centre portfolio is not just a question of improving sustainability, but also benefiting from lower cost and less volatile power prices. The combined portfolio’s long track record of high-quality operations across the Nordics provides a significant growth opportunity to continue to invest and monetise capacity to local and international customers.”

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