Advania divests two data centres in Finland

Key transaction highlights

• Advania has reached a definitive agreement to divest two data centre leasing contracts in Finland to atNorth, a Nordic data centre provider owned by the Partners Group.
• Advania enters into a multiyear co-location agreement with atNorth to secure robust data centre operations for existing and new customers.
• A strong team of data centre specialists will follow the transaction perimeter to ensure smooth transition and full operating capabilities from day one.
• Advania, with a heritage dating back to its inception in Iceland in 1939, is a leading IT-services provider in Northern Europe with operations in Sweden, Iceland, Norway, UK, Denmark and Finland.
• atNorth is a leading Nordic data centre services company offering environmentally responsible, power-efficient, cost-optimized data centre hosting facilities and high-performance computing services.
• The transaction allows Advania to focus on the customer intimacy while partnering with a highly efficient data centre operator.

The divestment underpins Advania’s ambition to continue to deliver best-in-class solutions to existing and new customers and to become the preferred IT-services provider in Northern Europe.

- An important reason to establish a partnership with atNorth in Finland is their dedicated focus to deliver high quality and sustainable services. We appreciate teaming up with companies with the same customer focus and quality mindset as ourselves, says Atte Kekkonen, CEO of Advania Finland.

To ensure a smooth transition and cooperating of the leasing contracts in Finland, a team of experts will be included in the transfer. The team will continue to deliver the highest level of data centre services to Advania Finland.

- We are very proud of being able to provide data centre services to Advania in Finland. Our mission in Finland has just begun and we foresee significant focus in the geography going forward to the benefit of our existing and new customers. Our goal is to continue what atNorth have built the last decade and we are ready for the next step of our journey in Finland, says Eyjólfur Magnús Kristinsson, CEO atNorth

The majority of the shares in Advania is owned by funds managed by the Private Equity team at Goldman Sachs Asset Management. 

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