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– Mubadala’s investment is based on the company’s extensive experience in data and technology centers in a market with high growth rates.
– A strategic deal, in partnership with Stone Peak Infrastructure Partners, will boost investment in Clogics’ expansion and development plans.
Abu Dhabi 23-09-2019
Mubadala Investment Company (Mubadala), a wholly owned subsidiary of the Government of Abu Dhabi, today announced that it has signed an agreement to invest US $ 500 million in Koolex, a company dedicated to neutral networking and large-scale data center terminals. By the relevant regulatory authorities.
The deal will allow Cologex to invest heavily in capital, enabling it to expand into data center markets in the US and Canada.
This comes at a time when Kologix has succeeded in consolidating its leading position in the field of equipped data center rental services and wide area networks in its markets.
This investment will also enable it to expand into world-class infrastructure, supporting it in meeting its customers’ needs for data center services.
The investment deal is part of Mubadala’s partnership with Stone Peak Infrastructure Partners, which will continue to be the principal shareholder of Kologex under the agreement, allowing the partnership between the two investment companies to continue to collaborate in support of Koolex’s ambitious growth strategy.
Khalid Abdullah Al Qubaisi, Chief Executive Officer, Aviation, Clean Energy and ICT at Mubadala Investment said: “ As a global investor, Mubadala is constantly exploring opportunities in sectors that are changing rapidly, such as technology. Our approach is focused on investing in innovative companies with long-term growth potential and market leadership. As Abu Dhabi continues to progress towards becoming a technology hub globally, we will continue to invest in J unleashes to take advantage of the enormous competitiveness of great benefits to our partners. ”
“This investment is a milestone for Mubadala’s ICT business,” said Munir Barakat, Head of Information and Communications Technology at Mubadala. To a solid foundation in an industry that is growing rapidly and has a positive impact on the lives of millions of people every day. ”
“By investing in Kologex, we recognize the company’s clear strategy, reinforced by its current market position and an executive management team that has the competencies to implement this strategy.”
Kologix is a leading company with a strong position in the industry and has a strong portfolio of customers, which enhances its ability to stimulate its expansion plans.
In addition, with the continued deployment of cloud services, the company is well positioned to capitalize on the continued growth of the data center industry.
“Mubadala will add value to the company’s strategic position as an international strategic investor and extensive experience in the data center market,” said Brian McMillin, Senior Executive Director at Stone Peak Infrastructure Partners. Mubadala to achieve new achievements as it continues to expand. ”
“As a leading provider of broadband networking, data center rental and network interconnection, the industry has been fast growing across North America,” said Bill Wathers, Chairman and CEO of Clogics. We have ambitious plans for the future and our partnership with Mubadala allows us to grow further to move forward to the next stage based on our existing customer portfolio, innovative technology and well-established senior management. ”
KOLEX provides reliable, secure, and widely deployable data center solutions through 28 distinct networking centers and 5 large-scale data facilities across 10 strategic markets in North America.
These centers enhance communication and operation efficiency for more than 450 networks, six Internet exchanges and more than 200 cloud service providers, including Amazon Web Services, Google Cloud Platform, Oracle Cloud and Windows Azure. IBM Cloud and others.
Kologex also provides communications and data center rental services to its clients of the world’s largest Fortune 500 companies.
Mubadala’s ICT portfolio includes Hyperoptic, the UK’s largest gigabit broadband provider, Khazna Data Center, Khazna and Injazat Data Systems. Injazat, Emirates Integrated Telecommunications Company (du), the second largest telecom operator in the UAE, and Yah Sat Communications.
