Finland cloud and data centre services firm Ficolo has been acquired by UK-based infrastructure investment company Digital 9 Infrastructure for €135m.
Ficolo’s executive management will continue at the company, and will also “reinvest into it”, said Ficolo.
The number 9 in the Digital 9 Infrastructure brand comes from the UN Sustainable Development Goal 9, which focuses the fund on investments around sustainable digital infrastructure.
“Sustainability has been at the heart of Ficolo since our inception,” said Seppo Ihalainen, CEO of Ficolo. “All our operations are certified climate neutral. Digital 9 is a great owner for us, and with their help we can further improve our operations. Our future goal is to be carbon negative.”
Digital 9 has invested more than £600m since its 2021 IPO, acquiring companies such as Icelandic data centre company Verne Global and, in April 2022, London data centre company Volta.
The deal is subject to approval by the Finnish Ministry of Employment and the Economy, and is expected to close later this year.
