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The acquisition will boost DigitalBridge’s capacity in hyperscale data centres amid a growing demand for digital infrastructure
DigitalBridge Group has agreed to acquire Yondr Group, a global developer and operator of hyperscale data centres, through one of its investment funds. The acquisition aims to expand DigitalBridge’s data centre portfolio to meet rising demand for digital infrastructure driven by AI, cloud computing, and digital transformation.
Yondr is a developer, owner, and operator of data centres. With over 420MW of current capacity and plans to support up to 1GW, Yondr’s assets align with DigitalBridge’s strategy to address increasing demand for data processing power as global demand also continues to increase.
“Yondr’s assets and strong relationships with leading hyperscale clients align with DigitalBridge’s vision to support the future of digital infrastructure,” said Jon Mauck, Senior Managing Director at DigitalBridge in a press release.
“Yondr enhances our existing data centre portfolio and strengthens our ability to support hyperscalers. Together, we are well-positioned to capitalize on the increasing demand for hyperscale data centres – fueled by AI, cloud computing, and the ongoing digital transformation across industries,” he continued.
Yondr will continue to operate as an independent entity within DigitalBridge’s portfolio, using DigitalBridge’s resources to expand its global presence.
The transaction is expected to close in early 2025, pending regulatory approval.
Last week, DigitalBridge also announced that it had completed its acquisition of Japanese infrastructure company JTower. In a deal worth JPY 70.1 billion ($466 million), DigitalBridge has acquired a 75.62% controlling interest in the company.
JTower is currently one of the largest shared infrastructure companies in Japan, owning 7,700 towers in both suburban and rural areas.
“JTOWER is well-positioned to further enhance capital efficiency for its customers and drive the advancement of infrastructure sharing in Japan,” said Atsushi Tanaka, Representative Director of JTOWER.
The acquisition was first announced in August and, since its completion, DigitalBridge has announced plans to take the company private.
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