The Dubai-based company will acquire up to a 45% stake in Dataplex’s ‘over time’ and has since gained some land with its parent company Chirisa in Abbotstown, Dublin, where Dataplex will develop a 70 MW+ data centre and industrial campus.
In 2020, Chirisa sold 365 Data Centers to Stonecourt Capital LP, but it still holds Digital Fortress, Viatel, Clyde Real Estate, Dataplex and Digiweb.
Eddie Kilbane, CEO of Dataplex Group, said: “DAMAC Group has a unique vision for the data centre market, and we look forward to helping it to bring its disruptive model to more cities around the world. Together with DAMAC Group, we can deliver digital infrastructure in underserved markets and support the growth of local digital economies.” Adding, “our partnership will enable our organisations to grow together, and it will be great to work with the team at DAMAC Group.”
DAMAC Group is the private investment arm of Dubai-based businessman Hussain Sajwani, and has stepped into the data centre space through its new global digital infrastructure provider, Edgnex.
Edgnex revealed that over the next year it will be “announcing acquisitions, building projects and partnerships focused on developing local data centre facilities in emerging or underserviced markets globally.”
Sajwani said: “DAMAC Group, through its global infrastructure company Edgnex, is developing data centre facilities to support the growth of digital economies across the globe. Our work with Dataplex enables us to serve exponential demand coming from local markets, driven by rapid digital transformation, booming digital economies, and growing internet users.
“We have a track record of recognising opportunities, making significant investments and capturing a first mover advantage. We are driven by market dynamics, not just by who needs capacity now. Where we go, others follow”
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