Data centre group Proximity has been acquired by nLighten, part of global infrastructure investor I Squared Capital.
Proximity Data Centres operates a network of ten carrier-neutral data centres, with sites in Bristol and Swindon.
nLighten said the acquisition would fit its strategy of integrating data centres into regional markets and meet its aim to continuously reduce the environmental footprint of power-hungry data centres.
Proximity’s ten data centres currently source 100 per cent of their electricity from renewables, and the company intends to maintain that sourcing, even at full capacity.
Mohamed El Gazzar, senior partner of I Squared Capital in London, said: “Through organic growth and strategic acquisitions this year, nLighten has grown into a leading pan-European edge data centre platform with 26 data centres, 53 megawatts of potential capacity and 130 employees.
“We are excited that nLighten has grown so quickly and established itself in the three largest data centre markets in Europe: Germany, France and the UK.”
John Hall, co-founder, and managing director of Proximity, said: “Being part of the nLighten group of data centres will accelerate the expansion of our portfolio of new products and services tailored for the edge computing market.
“We will also be able to provide a highly comprehensive solution to customers looking for a broad network of data centres across multiple European locations.”