Ontario Teachers’ Pension Plan completes full acquisition of Australia’s leading data centre provider, Metronode
Ontario Teachers’ Pension Plan (OTPP) today announced it had completed the acquisition of an additional 29% stake in Metronode from CIMIC Group Limited, giving OTPP full ownership of the market-leading data centre provider.
Metronode CEO David Yuile welcomed the finalisation of the sale, stating that the company was well positioned to capture the strong market demand for energy-efficient, secure data centres in Australia.
“The new structure ensures Metronode is well placed to move forward with its strategic plans to grow its business, capitalising on its market-leading data centre design and construction expertise,” Mr Yuile said.
Construction is well progressed on Metronode’s new Melbourne facility, a deal it signed in August with an undisclosed leading corporation for 8MW, with future options to supply significantly more capacity.
Ontario Teachers’ previously held a 71% stake in Metronode as part of its 2013 acquisition of a majority interest in its parent company, Nextgen Group Holdings. In October 2016, Nextgen Networks, the North West Cable System and the proposed Australia Singapore Cable project was sold to Vocus Communications.
Louise Di Francesco
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Metronode has engineered Australia’s most adaptive data centre designs with 10 facilities operating
We design, build and operate the most secure and energy-efficient, low PUE facilities in the country,
providing our customers with high-density data centres to meet their needs, both now and in the
Recognised by NABERS for data centre energy efficiency with the highest rating of 4.5, we are also
the only Australian provider to have achieved Uptime Institute Tier III Gold Certification for
Since 2002, Metronode has helped enterprise, government and service providers connect, protect
and store their data in Sydney, Melbourne, Canberra, Brisbane, Perth, Adelaide and