Keppel invests 14 million euros in data center operator Etix

Euro coinsPhoto by Leslie Shaffer

Keppel Data Centres invested around 14 million euros (S$21.50 million or US$15.65 million) in data center developer and operator Etix Group’s series C funding, taking a minority stake, Keppel said in a filing to SGX before the market open Monday.

Luxembourg-based Etix uses prefabricated data center modules for quick deployment and has built a network of edge data centers, or smaller scale facilities of less than 1 megawatt (MW), in Europe, Africa, Latin America and Southeast Asia, Keppel said.

Etix has deployed more than 50 MW of colocation capacity across 12 data centers, with a strong development pipeline, Keppel said.

“Our investment into Etix allows Keppel Data Centres to tap the growing demand for edge facilities and opens new possibilities for potential synergies to be explored between our complementary businesses, such as tapping Etix’s cutting edge research technologies,” Wong Wai Meng, CEO of Keppel Data Centres, said in the statement.

“This will give Keppel Data Centres the opportunity to deploy some of these new technologies in our data centers and deliver tangible benefits for our data center customers,” he added.

Keppel cited 2017 data from Gartner which projected that by 2022, 50 percent of all data would be processed in an edge environment, up from 10 percent in 2017.

“Through the deployment of smaller and decentralised servers away from the network source, enterprises are increasingly looking to bring data processing closer to where the data is actually consumed, driven by latency, data security, and data sovereignty considerations,” Keppel said.

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