Story image

EcoDataCenter acquired, aims to consolidate Nordic market

07 Nov 2018

In a move to seemingly bolster the coffers, EcoDataCenter has completed a directed share issue of SEK 200 million (€19.4 million) subscribed by Areim, making it the principal owner of the company.

EcoDataCenter is currently in the final stages in the construction of the world’s first carbon-positive data centre in Falun, Sweden, and it’s this green mentality that the companies are looking to continue as they see tremendous potential in it.

“The dramatic rise in demand for data processing requires enormous amounts of energy and Sweden has a unique potential to build an industry around cost-efficient and green data processing,” says EcoDataCenter’s board of directors chairman Lars Thunell.

Areim is a Nordic property owner and fund manager, and manages via its funds capital on behalf of both Swedish institutions and some of the world’s largest institutional investors. Areim’s III real estate fund has bought into EcoDataCenter to become principal owner.

“The collaboration with EcoDataCenter means we are entering a rapidly expanding industry with substantial future potential, and our shared expertise will enable us to create a new investment segment in the Swedish real estate market,” says Areim founder Leif Andersson.

Thunell hopes the joint venture will give them enough leverage to consolidate the market.

“Together with Areim, EcoDataCenter can create a distinct environmentally profiled and qualitative Nordic alternative for major international players interested in establishing operations in the Nordic countries,” says Thunell.

“This also provides us with the financial muscle to acquire existing data centres from other large companies to consolidate the Nordic market and expand our concept with carbon dioxide positive data centres.”

It’s no secret that data centres consume significant amounts of energy and as a result produce substantial environmental emissions – of which carbon dioxide is often prominent. Thunell asserts the company’s data centres are designed and constructed to produce a minimum of carbon dioxide emissions, which results in greater efficiency and lower costs.

“Our concept provides us with far lower investment and operating costs and means we can offer highly competitive pricing,” says EcoDataCenter CEO Lars Schedin.

“From the outset, our concept is very attractive in a world that must transition to much more sustainable energy use, but the major cost advantages give us an additional competitive edge in the market.”

Google doubles down on hybrid cloud strategy
CSP is a platform that aims to simplify building, running, and managing services both on-premise and in the cloud.
In ongoing cloud war, Google to acquire data migration specialist
Google is currently behind AWS and Microsoft in the cloud battle, and it would seem this play is an attempt to claw some ground back.
Interview: CyrusOne’s new Europe president on aggressive expansion
In this exclusive interview Tesh Durvasula shares how the company plans to have a Europe data centre portfolio providing nearly 250 MW by the year’s end.
Enterprise cloud deployments being exploited by cybercriminals
A new report has revealed a concerning number of enterprises still believe security is the responsibility of the cloud service provider.
Pure Storage expands enterprise data management solutions
It has integrated StorReduce technologies for a cloud-native back up platform, and expanded its data fabric solution for cloud-based applications.
HPE launches new real-time processing edge platform
The platform is said to help communication service providers (CSPs) to capitalize on data-intensive, low-latency services for media delivery, connected mobility, and smart cities.
‘Digital twins’ entering mainstream use sooner than expected
The term ‘digital twin’ may sound foreign to some, but Gartner says it is rapidly becoming established among modern organisations.
Infinera launches new ‘disruptive’ network architecture
The new end-to-end network architecture is said to enable instantly scalable, self-optimizing networks that adapt to the demands of specific users and applications.