Data center services provider Interxion is to make a €111 million ($125 million) investment to
expand its Europe-based facilities.
Interxion, which has headquarters in Hoofddorp, Netherlands, was established in 1998. The company is a colocation and interconnection specialist and recognized as a “leading provider of carrier and cloud-neutral colocation data center services in Europe”. The company caters to an extensive customer base through a network of 52 data centers across the continent. The expansion will impact Interxion’s centers in Paris and Marseille, France, Frankfurt, Germany, and Stockholm, Sweden.
The move is a “response to customer demand and orders” and has been facilitated by positive financial figures. The company experienced 14% growth when compared to the same period last year. The three-month period ending 30 June 2019 saw revenue increase to €158.5 million ($179 million) and recurring revenue increase by 14% to €150.0 million ($169 million) on the same period in 2018. The expansion will include adding 4,700 square meters of space to the company’s FRA15 facility in Frankfurt. In Marseille, the second phase of construction of the MRS3 data center will be completed adding around 2,400 square meters of space. In Stockholm, the company’s STO6 facility “will be constructed in four phases, delivering a total of 3,300 sqm of equipped space and 5 megawatts (“MW”) of customer available power when fully built out”.
“As reflected in the solid second-quarter results, Interxion continues to experience favourable demand, driven primarily by the cloud and content platform providers,” explained the CEO of Interxion, David Ruberg. “In response to customer demand and orders, we are announcing today incremental investments in Frankfurt, Paris, Marseille and Stockholm. Our recent equity issuance and credit rating upgrade support our ongoing expansion activity, with a focus on sustaining our attractive returns."
Do you know of any other companies making major investments? Let us know the details. Add your comments below.
