Iron Mountain has announced that they have entered into an agreement to acquire a data centre in Frankfurt. The data centre is a two story, 20,000 square meter colocation data centre site on freehold land in the Am Martinszehnten Industrial Park, which is in close proximity to the city centre and Frankfurt Airport. The 76 million Euro transaction is expected to close within the next 90 days subject to customary closing conditions.
The facility currently has 2.6 megawatts of leased capacity and eight megawatts of capacity available for retail colocation customers with the option to expand in the future to add Edge computing at the premises. The data centre has robust network connectivity. The acquisition expands the company’s presence in the Frankfurt market, which includes a 27 megawatt pre leased facility in Frankfurt and enables the company to add immediate capacity and to build out a team in a market with strong long term demand.
“This latest investment in one of the most sought after European markets further solidifies our commitment to invest in the global markets where our customers need us,” Mark Kidd, executive vice president and general manager of data centres at Iron Mountain. “We are pleased to continue to meet the key growth milestones that this acquisition represents.” Frankfurt is a strong global data centre market due to its position as one of Europe’s major commercial and financial hubs. Additionally, Frankfurt offers rich connectivity to network fabrics and service providers as well as a strong power supply.
In addition to the agreement to acquire the Frankfurt data centre, Iron Mountain recently announced further expansion in Europe with a 27 megawatt data centre build in London, in addition to nine megawatts of leasable capacity at its data centre. The Company also announced a recent joint venture with Web Werks, one of the top data centre providers in India, adding three Tier 3, carrier neutral data centres in Mumbai, Pune and Delhi to their global footprint.
“We are thrilled to be adding an additional data centre in Frankfurt to our global platform as it will meet the high demand we are seeing from our enterprise, edge and hyperscale customers in the Frankfurt market,” Eric Boonstra, vice president and general manager of Europe at Iron Mountain data centres, said.
The company’s global data centre platform consists of 15 operational facilities across 13 markets and three continents. With the new Frankfurt data centre and the recently closed Web Werks joint venture, the new data centre platform can support nearly 460 megawatts of IT capacity at full build out, including leasable capacity, land, and buildings held for future development.