UAE – Mubasher: Mubadala Investment Company, the Abu Dhabi-based global funding firm, announced that it has signed an agreement with the US-based network neutral interconnection and data center company Cologix.
Under the agreement subject to various regulatory approvals, Mubadala aims to invest up to $500 million in Cologix, according to a press release.
“Mubadala’s investment is in partnership with Stonepeak Infrastructure Partners, which will remain the majority shareholder in Cologix,” Mubadala said.
The two investment companies will coordinate to bolster Cologix’s ambitious growth strategy, the Emirati firm indicated.
This investment will significantly contribute to the growth of Cologix’s data centre markets in the US and Canada.
Mounir Barakat, executive director of Mubadala ICT, added: “This investment marks an important milestone for Mubadala’s ICT business. Cologix is a high-quality company with robust fundamentals in an industry that is growing rapidly and positively impacting the lives of millions of people every day.”
“In Cologix, we are investing in a company that has a clear strategy to build upon its existing market leading position, and one that is led by an excellent management team with which to implement that strategy,” Barakat added.
It is worth noting that Cologix provides reliable and secure hyperscale edge data center solutions across 10 strategic markets in North America.
