Brazilian data center firm Odata has opened its first Mexican data center, while rumors suggest existing stakeholder CyrusOne may acquire the rest of the company from founders Patria Investments.
First reported by BNAmericas, Odata has launched the first 8.4MW phase of its QR01 facility in El Marqués, Querétaro state.
The company has reportedly invested around 388mn reais ($79mn) on the project, which was first announced in October 2020. Set on a 52,350 sqm (563,500 sq ft) plot and spanning some 30,400 sqm (327,200 sq ft), the site will reach 32MW at full build-out.
Odata’s LatAm expansion director, Vitor Caram, told Bnamericas it took the company 14 months to finish the project, with delivery to the site's anchor tennant – an unnamed cloud provider – taking place in mid-April.
Caram said the company will begin construction of a second 30MW data center in the Querétaro park in the future, and is also targeting Peru as its next market, though he didn’t disclose timelines.
As well as QR01, Odata operates or is developing three data centers in the Sao Paulo area of Brazil; one in Bogota, Colombia; and one in Santiago, Chile. At full build-out, the company will operate more than 150,000 sqm (1.6 million sq ft) of data center space and almost 100MW of capacity.
Queretaro is a major data center hub in Mexico. In addition to Odata, the likes of Equinix, Kio Networks, and Banamex have data centers there, with Microsoft, AWS, and Oracle all looking at developing facilities in the state as well.
Odata was founded by Patria Investments in 2015, with CyrusOne also owning a stake in the firm. Patria is reportedly considering a sale of its majority stake in the data center copmany, valued at around $1 billion.
Citing an unnamed source, BNAmericas reports CyrusOne acquiring the majority stake is the most likely scenario of a sale.
CyrusOne itself was acquired by KKR & Global Infrastructure Partners in a $15 billion deal last year which closed in March 2022. It is currently the largest M&A deal in data center industry history.
