The private equity investor I Squared Capital (ISQ), which owns HGC Global Communications, is to buy Mexico’s largest data centre operator KIO Networks.
The global infrastructure investment manager said in a press release that it has signed an agreement to acquire the Mexican digital infrastructure service provider on behalf of ISQ Global Infrastructure Fund III and ISQ Growth Markets Infrastructure Fund.
KIO Networks is present in Central America and the Caribbean through a network of 11 campuses and 11 smaller facilities, offering more than 20 megawatts of installed operational capacity and the potential for further expansion.
Founded in 2002 with 100% Mexican capital, it now runs “more than 40 high-density and high-availability data centres”, says the website.
“Mexico is a core component of our Latin American strategy and this investment in KIO Networks continues our commitments to digital infrastructure, where we have committed over $3 billion across six investments around the world,” said Adil Rahmathulla, Managing Partner at I Squared Capital. “Our global digital infrastructure portfolio connects millions of people across four continents through a diverse set of assets including data centers, fiber networks, and cellular sites.”
KIO Networks is a specialized digital infrastructure company providing infrastructure-related services through a robust and extensive platform of data centers. The company also offers managed services for Cloud, cybersecurity, and business applications.