Etix Declares Bold European Expansion with $200 Million Funding Boost
Discover Etix's ambitious plans bolstered by $200m financing, aiming to transform the European data center landscape.
European edge data center operator, Ethical Internet Exchange (Etix), is setting the stage for a revolutionary expansion across Europe, with a newly secured €170 million ($200 million) financing deal. This strategic move signifies a massive leap for Etix, reflecting their commitment to innovation and sustainability.
Banking on Growth: The Strategic Financing Move
Etix, known for operating 14 data centers in France and Belgium with an impressive total capacity of 8.1MW, is poised for a significant expansion. According to W.Media, the recent €120 million ($140.8m) refinancing deal, extendable to €170 million, was orchestrated with several high-profile banking firms, including MUFG, Kommunalkredit Austria AG, and BNP Paribas. This infusion aims to strengthen Etix’s presence in France and open doors to new markets, allowing them to establish a fresh wave of technological hubs throughout Europe.
Leadership Vision: A Major Player in the Making
CEO Louis Blanchot expressed optimism about Etix’s trajectory, stating, “This refinancing marks an important step toward our goal of becoming a major European player.” As Etix sets its sights on becoming a key figure in the European market, this financing reinforces their financial foundation, swiftly accelerating their data center portfolio growth.
Sustainability and Innovation: The Heart of Expansion
The financing includes sustainability performance commitments that align with Etix’s ambitious decarbonization plan to reach carbon neutrality by 2030. Their strategic focus on responsible data center operations signifies a synergy of innovation and environmental consciousness, preparing Etix for a sustainable future.
Eurazeo’s Commitment: Solidifying a Promising Partnership
Two years post their initial investment, investment firm Eurazeo celebrates this milestone with Etix as they reinforce their partnership. They expressed pride in supporting Etix’s vision, demonstrating confidence in its position within the regional data centers segment.
In summary, Etix’s financial boost positions them to redefine the data center landscape across Europe, focusing on sustainability and technological advancement. As they embark on this journey, the future of European data centers teems with promise and potential.
