Digital 9 acquire a data centre platform based in Iceland

Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on print

Digital 9 Infrastructure PLC has announced that it has completed the acquisition of Verne Holdings, a data centre platform in Iceland, for a valuation of approximately £231 million in cash.

The deal for the London-listed investment trust is its first data centre acquisition and the price represents a multiple of around 20 times the contracted earnings before interest, tax, depreciation and amortisation run-rate. It offers a base cash yield of more than 7 per cent.

“Verne Global’s existing Icelandic based data centre assets represent some of the cleanest, lowest carbon footprint data centres, globally,” Thor Johnsen, investment manager for Digital 9, said. “Together with the D9 subsea investment in Aqua Comms, we are pursuing further fibre network opportunities to improve connectivity into the Nordics, enabling data centre users reliable and low-cost access to the vast renewable and low-cost energy resources of Iceland and the Nordics.” 

Partner Resources

Popular Right Now

Join us on the journey to a sustainable future!

Join thousands of other industry professionals, receive our weekly newsletter filled with the latest content, innovations and updates on our talks. Don’t miss out, sign up now!

Others have also read ...