Swedish developer of climate-positive data centres EcoDataCentre has reached a merger agreement with the owners of the data centre company Fortlax, helping to support the ambition to consolidate the data centre industry in the Nordic region.
The merger – which will formally take place by EcoDataCentre acquiring the shares in Fortlax – represents the first step in EcoDataCentre’s strategic plan to consolidate the Nordic data centre industry based on its concept of climate-smart data centres. The decision is also based on the fact that both companies complement each other well in terms of operations and corporate culture.
“Over the years, Fortlax has built a strong market position primarily in the high-security data centre niche and is a pioneer in the co-location market in Sweden, making it the leading alternative for customers who want a Swedish vendor for data centre services” said Lars Schedin, CEO of EcoDataCentre. “The company is very well run and has a good reputation as well as a culture that’s compatible with EcoDataCentre’s.”
EcoDataCentre is based in Falun and launched the world’s first carbon-positive data centre last year. In 2018 Areim entered as new majority holder through a private placement partly aimed to finance EcoDataCentre’s efforts to consolidate the data centre industry based on its climate-smart concept. The merger with Fortlax is done through a purchase of shares and a stock swap, but involves no change in the Fortlax organisation. Fortlax CEO Anders Berglund Hansius will continue to develop the group alongside EcoDataCentre CEO Lars Schedin.
Fortlax has been active in the co-location segment for 15 years and has built a strong market position in Sweden based on its data centres in Piteå in northern Sweden. The merger with EcoDataCentre means continued expansion and investment in the facilities in Piteå while the capacity at EcoDataCentre’s facility in Falun will be increased.