Iron Mountain Inc. has agreed to acquire a data center in Frankfurt from Calcium DC Pte. Ltd. for EUR 76 million.
The data center is a two-story, 20,000 square meter colocation data center site on freehold land in the Am Martinszehnten Industrial Park, which is in close proximity to the city center and Frankfurt Airport.
The transaction is expected to close within the next 90 days subject to customary closing conditions.
“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,” stated Mark Kidd, Executive Vice President and General Manager of Data Centers at Iron Mountain. “As a leading global data center provider, we are pleased to continue to meet the key growth milestones that this acquisition, and the recently announced expansion in London, represent.”
The data center in Frankfurt currently has 2.6 megawatts of leased capacity and 8 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 center has robust network connectivity, including access to DE-CIX, one of the world’s largest internet exchanges.