ST Telemedia, which provides data centre and communications services, announced on Wednesday it has acquired a 49 per cent stake in Virtus Data Centres, the UK's fastest-growing data centre provider.
The investment will be used by Virtus to expand its footprint in the UK. ST Telemedia, on its part, gets its first direct entry into the UK's data centre market, which is an important global hub.
ST Telemedia made the investment through its wholly owned subsidiary STT GDC Pte Ltd via a joint venture with Virtus's existing owner, Brockton Capital.
An ST Telemedia spokeswoman said the new partnership would allow Virtus to leverage ST Telemedia's extensive data centre experience and expertise to strengthen its market position, accelerate growth and continue its mission to lead the industry.
Already the fastest-growing data centre provider in the UK, Virtus is driving revenue through its hyper-efficient, ultra-high density and highly interconnected facilities, she added.
Virtus was recently noted by 451 Research Group as "one of the most innovative data centre providers around" and was shortlisted for the Data Centre Industry Leader Award at the Datacloud Awards 2015.
Sio Tat Hiang, ST Telemedia's executive director, said the company was pleased to continue the momentum of its recent data centre expansion activities with this announcement.
"ST Telemedia's investment into Virtus is at a fitting time for Europe's data centre market, particularly in the top-tier, carrier-neutral segment, where we're seeing attractive growth opportunities," he added.