Newport-based Next Generation Date has been sold to Vantage Data Centers, a global provider of hyperscale data center campuses based in Denver, USA.

The Newport centre, which is based in one of the former LG Buildings near Celtic Springs Business Park, marks Vantage’s sixth European market following its acquisition of Etix Everywhere and entrance into Berlin, Frankfurt, Milan, Warsaw and Zurich in February 2020.

Sureel Choksi, president and CEO, Vantage Data Centers, said: "The acceleration of digital transformation that continues to be at the forefront of our global economy emphasises the need for reliable data centre capacity which can scale quickly to meet skyrocketing demand.

“Vantage is excited to enter the UK market and is committed to growing around the world in locations which are most critical to our hyperscale and cloud customers.”

The acquisition provides Vantage’s customers with access to Europe’s largest data center campus, which is in the Cardiff Capital Region.

The campus totals 180MW, including an existing 72MW facility and 108MW of expansion capacity. Joining Vantage Europe is the NGD team, including former CEO Justin Jenkins, who will serve as chief operating officer of Vantage Europe and president of Vantage UK.

Justin Jenkins said: “Data centre growth in Europe is reaching unprecedented levels. The NGD team and I are elated to join Vantage to serve customers not only in the UK, but across Europe. Together, we will accelerate our shared vision to become the pre-eminent hyperscale data centre provider globally.”

The NGD acquisition was funded with equity commitments from Digital Colony Partners and other investors in Vantage, as well as acquisition debt financing. The figures were not disclosed.