Bain Capital and Aquila Group partner to build a leading sustainable data center platform across Europe
Our parent company, Aquila Group, has entered a partnership with Bain Capital, one of the world’s leading private, multi-asset alternative investment firms, through which the latterhas acquired 80% of AQ Compute.
The partnership with Bain Capital, with a targeted multi-billion Euro investment volume, is aimed at significantly accelerating AQ Compute’s plans to develop and operate sustainable data centers for hyperscale and AI customers across Europe. Together, the partners aim to build a leading European data center platform, utilizing clean energy wherever feasible.
The role of data centers: data centers are essential to support an increasingly connected world, driven by rapidly expanding sectors such as AI applications, cloud computing, and big data analytics.
In 2024 alone, the world is expected to generate 1.5 times the amount of digital data it did just two years ago, which highlights the exponential growth in demand for data processing and storage capabilities. We are witnessing one of the biggest trends of our time, with AI set to significantly increase the demand for data centers, particularly hyperscale facilities, which dominate current development queues but face limitations in power and space.
AQ Compute’s future role within Aquila Group: AQ Compute will continue to play a vital role within Aquila Group, leveraging strong synergies with other business units to drive innovation and growth across the group’s ecosystem.
AQ Compute’s data centers will be sustainably powered, whenever feasible, with clean energy from Aquila Clean Energy, reinforcing a shared commitment to a greener future and strengthening the collaboration between the two companies.
The partnership enables AQ Compute to leverage Bain Capital’s expertise in building a leading pan-Asian data center platform. Bain Capital offers a robust capital basis for AQ Compute, allowing to expand their operations and advance their data center business to the next stage.
Please read the complete press release for further insights.
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