EQT Infrastructure will acquire EdgeconneX, which builds and operates data centers, in a deal valued at at least $2.5 billion. The company has a global footprint with more than 40 data centers in over 33 markets in North America, Europe, and South America.
EQT Infrastructure, is a global investing firm that is acquiring EdgeconneX through an investor group led by Providence Equity Partners (it's largest shareholder). EQT said it is committed to support EdgeConnex's strategy to grow in existing and new markets by providing it the "material" it needs.
The speculation surrounding this deal has been around since last October when Bloomberg reported that EQT was in talks to buy EdgeConneX. The deal is expected to close at the end of the fourth quarter of 2020.