Australian data center firm iseek has reportedly acquired Adelaide-based operator YourDC.
First reported by the Australian Financial Review and since confirmed by the companies, UK-based asset manager Amber Infrastructure has acquired YourDC through its iseek unit.
Terms of the deal weren't disclosed, but the AFR reports the deal is understood to be valued between AU$50-100 million (US$32-64m), and expands iseek’s footprint presence to seven facilities across four cities.
“The injection of growth capital will enable YourDC to build on our digital modernization programs, and expand our capacity and capabilities,” said YourDC founder and CEO Scott Hicks. “Our list of blue-chip government, defense, and enterprise customers will benefit from the full range of new services we can now offer, using iseek’s mature Infrastructure as a Service platform.”
iseek founder and CEO Jason Gomersall said: “YourDC provides us with a large footprint in South Australia, strengthens our national offering, and increases our exposure within the defense and education sectors. Scott and his team have focused on building a trusted, world-class data center business that plays a key role in supporting critical data infrastructure for enterprise and government customers.”
Launched in 2015, YourDC operates two data centers located north and south of Adelaide in South Australia, connected by a dedicated fiber ring. ADL1 Hawthorn offers 580 sqm (6,250 sq ft) of technical space across two data halls with capacity for around 220 racks, while ADL2 Edinburgh Parks launched in 2016 and offers 2,280 sqm (24,550 sq ft) of technical space across up to 20 separate rooms with capacity for up to 800 racks.
Established in 2000, Brisbane-based iseek offers cloud and connectivity services from five purpose-built data centers across Brisbane, Northern Queensland, and Sydney. Amber Infrastructure Group acquired a majority stake in iseek last year.
Amber and iseek were advised by Grant Samuel, while YourDC was advised by South Australia’s Equity and Advisory.
Based in London, UK, Amber has around $6 billion in funds under management and invests across seven funds. Active in Australia since 2006, the iseek deal marked Amber’s first digital infrastructure investment in the country.
In 2020, Amber, through its Three Seas Initiative Investment Fund, acquired a controlling interest in European firm Greenergy Data Centers OÜ. The company's first 14,500 sqm (156,000 sq ft), 20MW facility is under construction in Estonia's capital, Tallinn, with more planned across the 'Three Seas' region of eastern Europe.
