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Cordiant completes acquisition of New York data centre DataGryd

Fri, 14th Jan 2022 11:04

(Alliance News) - Cordiant Digital Infrastructure Ltd announced on Friday it has completed the asset acquisition of DataGryd Datacenters LLC, as the final outstanding condition was satisfied.

The digital infrastructure asset-focused investment firm announced the acquisition of the New York data centre last Wednesday. It was completed on Friday in an all-cash deal of USD74 million, about GBP54.7 million.

Cordiant has bought Datagryd's data centre operating platform in New York, which soon will operate under a new brand name. Cordiant will invest a further USD75 million of expansion capital in the platform over the next three years.

It also announced last Wednesday the acquisition of Emitel SA, a Polish digital infrastructure company, for GBP352 million.

Cordiant's share price lowered by 0.1% to 107.90 pence each in London on Friday morning.

By Elizabeth Winter; elizabethwinter@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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