Wednesday, 30 October 2024 15:06

DigitalBridge to acquire hyperscale data centres owner Yondr Group

By Josh Martinez
DigitalBridge to acquire hyperscale data centres owner Yondr Group Image by Jonathan Hammond from Pixabay

Digital infrastructure asset management group DigitalBridge has inked an agreement to acquire Yondr Group, a global developer and operator of hyperscale data centres, through one of its managed investment funds.

Yondr has more than 420MW of capacity committed to hyperscalers, with significant additional land to support a total potential capacity of over 1GW.

"Yondr has established itself as a key player in the digital infrastructure sector, addressing the complex data centre capacity demands of the world's largest technology companies through the development and operation of sustainable data centres worldwide," DigitalBridge stated in its announcement to the market.

"With a diverse portfolio of campuses, Yondr is well-positioned to meet the soaring demand for advanced data processing capabilities driven by ongoing digital transformation, the shift to cloud solutions, and the rise of artificial intelligence."

Statcounter

Yondr’s assets and strong relationships with leading hyperscale clients align with DigitalBridge’s vision to support the future of digital infrastructure, according to Jon Mauck, Senior Managing Director at DigitalBridge.

"Yondr enhances our existing data centre portfolio and strengthens our ability to support hyperscalers," Mauck said.

"Together, we are well-positioned to capitalise on the increasing demand for hyperscale data centres – fuelled by AI, cloud computing, and the ongoing digital transformation across industries."

According to DigitalBridgeYondr will continue to operate as an independent company within DigitalBridge’s portfolio, leveraging DigitalBridge’s support, expertise, and experience.

"This partnership will enhance Yondr’s ability to serve its clients more effectively while accelerating global expansion efforts," DigitalBridge said.

The deal is expected to close in early 2025, subject to customary closing conditions.

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