DATA4, a European data center operator owned by AXA IM – Real Assets, has received financial backing from two new major investors, according to Data Economy.
Other news sources report that Denmark’s PFA Pension purchased a 20 percent stake in the company for €200 million ($216 million).
The capital will be used to support the company’s expansion across Europe and double its revenues by 2024.
Data Economy reports that DATA4 is planning to build 23 new data centers, particularly in Germany, Central Europe and Scandinavia, and is actively pursuing new acquisition.
The company currently operates 19 data centers in France, Italy, Luxembourg and Spain.
