On Monday, global data center owner-operator EdgeConneX announced that it has agreed to acquire Global Data Center (GDC), a data center operator headquartered in Israel‘s high-tech Tel Aviv suburb of Herzliya Post-deal, EdgeConneX’s absorption of GDC’s portfolio will include that company’s highly secure (and geologically stable) underground facilities in Herzliya and in Petah Tikva, also near Tel Aviv.
Price and other deal terms were not disclosed.
“I am pleased to announce the expansion of the EdgeConneX global footprint to the Middle Eastern region with the acquisition of GDC,” EdgeConneX CEO Randy Brouckman said in announcing the deal. “As always, the Company’s focus is on its customers and providing them with the capacity they want, where they want it, and when they want it. In the case of Israel, GDC’s talented leadership team, strong operational track record and existing infrastructure helps us accelerate meeting these requirements by providing a ready-made solution with a premium platform that is already well established in the market.”
Founded in 2013 by Moshe Lasman, GDC has to date been funded by $3 billion Israeli private equity firm Viola Group. The company operates two subterranean data centers built to Tier 3 Uptime global standards near Tel Aviv, one in Herzliya Pituach and one in Petah Tikva.
EdgeConneX is owned by Sweden‘s EQT Infrastructure, one of the world’s largest private infrastructure funds, which, along with its financial heft, brings significant digital infrastructure industry experience to GDC and to investment in new digital capacity in Israel.
“Global Data Center is joining EdgeConnex following seven years of great momentum in our business,” said GDC Founder and CEO Moshe Lasman. “EdgeConneX brings over a decade of experience building out a global data center platform that includes approximately 50 data centers in over 40 markets around the world and spans everything from hyperlocal edge facilities to hyperscale data center campuses. Together, we will be able to best serve the local data center infrastructure needs in Israel and global requirements anywhere in the world.”
“For our Israeli customers, nothing changes practically in regard to Global Data Center, organizationally, operationally, or strategically,” Lasman added. “I will continue to lead the business in Israel and the rest of the GDC team will remain in place. The GDC teams supporting each customer will continue to perform in the same manner as before. If anything, we will look to further grow and augment the existing teams with additional talent and continue to operate our data centers as before. We will provide each customer with the space, power, and connectivity, where they need it to best serve their needs and that of their customers.”
“Israel attracts multinational players, which turn the country into a global hub in cloud computing, and the deal we’re announcing today shows the trust in the potential of the local market,” said Harel Beit-On, co-founder and general partner at Viola. “As early investors with significant share in Global Data Center, we have been accompanying the development in the data center landscape for the past seven years and believe that the entrance of EdgeConneX to the Israeli market will further drive its growth. We congratulate Moshe Lasman and the management of Global Data Center for the deal.”
