 confirmed on Monday that it has acquired Verne Holdings, a data centre platform in Iceland, operating on a former NATO site near Keflavik, for £231m.){kind=link}
Digital 9 Infrastructure (D9) confirmed on Monday that it has acquired Verne Holdings, a data centre platform in Iceland, operating on a former NATO site near Keflavik, for £231m.
Verne Holdings, which trades as Verne Global, is the leading Icelandic data centre platform, delivering sustainable data centre solutions in a geographically optimal environment, with 100% of power delivered from local renewable sources (hydroelectric and geothermal) and delivering exceptional energy efficiency by making use of year-round ambient low temperatures for cooling.
Iceland‘s 100% renewable power is generated from local stable and predictable geothermal and hydroelectric sources, allowing its customers to significantly reduce their carbon footprint.
The country’s natural stable ambient low temperatures, enable year-round free-air cooling capabilities, making Verne Global one of the most efficient data centres in the world.
Free-air cooling removes the need for chillers, along with reduced infrastructure requirements and operational costs for customers, making Verne Global one of the most efficient data centres in Europe and globally.
This, combined with access to low cost, virtually unlimited power, enables Verne Global to provide high performance compute (“HPC”) services at a market leading price.
This acquisition, which is one of the pipeline investments identified at IPO, is D9’s first data centre acquisition.
The Verne Global Icelandic facilities’ environmental credentials reaffirms D9’s data centre strategy and together with the subsea network platform steps forward our ambition to decarbonise digital infrastructure (in line with UN Sustainable Development Goal 9) by enabling better access to data centres in areas of surplus renewable generation.
Commenting on the Verne Global transaction, Dominic Ward, CEO of Verne Global, said: “We are experiencing rapid growth and demand for sustainable high intensity compute solutions. Our customers are growing fast and have a stronger focus than ever on sustainability.”
“Acquisition by D9 enables us to accelerate our growth and respond to our customers’ needs now and in the future. What Verne Global has achieved over the last decade is a fantastic accomplishment and this acquisition is a great acknowledgement of the exceptional team that we have. We are hugely excited to be working with D9 and believe that we have the perfect partner to help power our future.”