Mubadala signs agreement to invest $500m in Cologix

The Abu Dhabi-based global investment firm, Mubadala Investment Company, announced that it has signed an agreement to invest up to $500 million in Cologix, the network-neutral interconnection and hyperscale edge data centre company, subject to various regulatory approvals.

The transaction will provide significant investment for Cologix for growth in both the United States of America’s and Canada’s data centre markets, a Mubadala press release said on Monday.

Over the years, Cologix has built a leading position for hyperscale and colocation data centre services in its markets. The investment will enable new world-class infrastructure expansion to manage the growing needs of data center customers.

Mubadala’s investment is in partnership with Stonepeak Infrastructure Partners, which will remain the majority shareholder in Cologix. The partnership will see the two investment companies collaborate to support Cologix’s ambitious growth strategy.

Commenting on the agreement, Khaled Al Qubaisi, CEO of Mubadala Aerospace, Renewables and ICT, commented, “As a global investor, we continue to look closely at opportunities in sectors such as Information and Communication Technology, ICT, which are rapidly transforming the world. Our philosophy remains founded on investing in innovative businesses with long-term growth potential and market leadership positions. As Abu Dhabi evolves into a global technology and ICT hub, we will continue to invest in partnerships which will unlock immense benefits for all our stakeholders.”

WAM