Swedish investment firm EQT AB is in negotiations to buy an American colo company from its investors, Bloomberg reports.
The deal, potentially worth $2.5bn, is to acquire Virginia-based EdgeConneX, a firm that specializes in built-to-order data centers.
No decision has been made and talks could fall through between EQT and the colo’s investors, Providence Equity, Meritage and Brown Brothers Harriman & Co.
Founded in 2009, EdgeConneX has 43 data centers under its management with plans to expand in Europe.
The rumored new owners
EQT, the potential new owner, was founded in 1994, has access to €40bn ($44bn) in assets and was valued at $7bn during its IPO last month.
Over the past few years, the equity group has acquired several technology companies. In July this year, the Australian cloud service provider Nexon Asia Pacific was bought by EQT for an undisclosed sum. Also that month, fiber and carrier neutral data center provider Zayo, agreed to an $8.2bn acquisition involving EQT.
Last year, the company also acquired Suse, the German company behind the eponymous Linux kernel. The year before, EQT bought Lumos Networks which controls 9,204 fiber route miles and 36 data centers in the US.