Keppel Data Centres buys into Luxembourg startup with $22 mil investment

SINGAPORE (June 3): Keppel Data Centres has invested €14 million ($21.5 million) in the Series C funding of Etix Group S.A. (Etix), giving it a minority stake in the Luxembourg-based data centre developer and provider of data centre colocation services.

Etix leverages prefabricated data centre modules for quick data centre deployment and has built up a network of 12 edge and high-performance computing data centres across Europe, Africa, Latin America and Southeast Asia.

Keppel says Etix has deployed more than 50 MW of colocation capacity to date through its data centres, and that the company has a strong development pipeline for expansion.

Etix also has a unit that carries out research and development for the Etix group of companies.

“Our investment into Etix allows Keppel Data Centres to tap the growing demand for edge facilities and opens new possibilities for potential synergies to be explored between our complementary businesses, such as tapping Etix’s cutting edge research technologies,” says Wong Wai Meng, CEO of Keppel Data Centres.

“This will give Keppel Data Centres the opportunity to deploy some of these new technologies in our data centres and deliver tangible benefits for our data centre customers,” he adds.

Keppel Data Centres is a 70:30 joint venture between Keppel T&T and Keppel Land, both subsidiaries of Keppel Corporation. Keppel T&T is also the sponsor of Keppel DC REIT.

Shares in Keppel Corp closed 3 cents lower at $6.03 on Friday.