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Digital infrastructure company DigitalBridge said it purchased Yondr Group, a data center operator, in a deal it expects to close early next year. Terms were not disclosed. #pressrelease
October 28, 2024
DigitalBridge Group, Inc. (NYSE: DBRG) ("DigitalBridge"), a leading global alternative asset manager dedicated to investing in digital infrastructure, today announced it has reached an agreement to acquire Yondr Group ("Yondr"), a global developer and operator of hyperscale data centers, through one of its managed investment funds (the "DigitalBridge Fund").
Yondr has established itself as a key player in the digital infrastructure sector, addressing the complex data center capacity demands of the world's largest technology companies through the development and operation of sustainable data centers worldwide.
With a diverse portfolio of campuses, Yondr is well-positioned to meet the soaring demand for advanced data processing capabilities driven by ongoing digital transformation, the shift to cloud solutions, and the rise of artificial intelligence (AI). The company has more than 420MW of capacity committed to hyperscalers, with significant additional land to support a total potential capacity of over 1GW.
The DigitalBridge Fund's strategic investment will drive the development of cutting-edge, sustainable data centers, backed by long-term, stable revenue streams from investment-grade clients.
The deal is expected to close in early 2025, subject to customary closing conditions.
Read the full press release here.
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