Advania divests two data centres in Finland

Advania AB (“Advania”) has reached a definitive agreement to divest two data centre leasing contracts in Finland to atNorth AB (“atNorth”), a Nordic data centre provider. Operating data centres is not a part of Advania´s core offering, but services provided through partnerships with leading data centre operators.  Through the divestment, Advania Finland can further streamline its IT-services offering with a best-of-breed partner handling the data centre operations.

Key transaction highlights

• Advania has reached a definitive agreement to divest two data centre leasing contracts in Finland to atNorth, a Nordic data centre provider owned by the Partners Group.
• Advania enters into a multiyear co-location agreement with atNorth to secure robust data centre operations for existing and new customers.
• A strong team of data centre specialists will follow the transaction perimeter to ensure smooth transition and full operating capabilities from day one.
• Advania, with a heritage dating back to its inception in Iceland in 1939, is a leading IT-services provider in Northern Europe with operations in Sweden, Iceland, Norway, UK, Denmark and Finland.
• atNorth is a leading Nordic data centre services company offering environmentally responsible, power-efficient, cost-optimized data centre hosting facilities and high-performance computing services.
• The transaction allows Advania to focus on the customer intimacy while partnering with a highly efficient data centre operator.

The divestment underpins Advania’s ambition to continue to deliver best-in-class solutions to existing and new customers and to become the preferred IT-services provider in Northern Europe.

- An important reason to establish a partnership with atNorth in Finland is their dedicated focus to deliver high quality and sustainable services. We appreciate teaming up with companies with the same customer focus and quality mindset as ourselves, says Atte Kekkonen, CEO of Advania Finland.

To ensure a smooth transition and cooperating of the leasing contracts in Finland, a team of experts will be included in the transfer. The team will continue to deliver the highest level of data centre services to Advania Finland.

- We are very proud of being able to provide data centre services to Advania in Finland. Our mission in Finland has just begun and we foresee significant focus in the geography going forward to the benefit of our existing and new customers. Our goal is to continue what atNorth have built the last decade and we are ready for the next step of our journey in Finland, says Eyjólfur Magnús Kristinsson, CEO atNorth

The majority of the shares in Advania is owned by funds managed by the Private Equity team at Goldman Sachs Asset Management.

For more information, please contact:

atNorth Holding AB
Eyjólfur Magnús Kristinsson, CEO atNorth
E-mail: eyjolfur.kristinsson@atnorth.com
Phone: +354 662 3800

Advania Finland
Atte Kekkonen, CEO Advania Finland
E-mail: atte.kekkonen@advania.com
Phone: +358 40 505 5020

About Advania AB

Advania is a Northern European IT-services company, with roots back to 1939, operating in Sweden, Norway, UK, Iceland, Finland and Denmark with more than 4,500 employees. The company focuses on helping customers to improve their performance and be a partner in their digital journey, with innovative use of best available IT platforms and services. Advania serves thousands of corporate customers, multinational enterprises, governments and public institutions, large, small and medium-sized companies in all aspects of society. For further information, please visit www.advania.com

About atNorth AB

atNorth is a leading Nordic data centre services company offering environmentally responsible, power-efficient, cost-optimized data centre hosting facilities and high-performance computing services. atNorth offers sustainable, and extremely scalable HPC resources fully delivered as-a-Service enabling our customers to focus on their simulation applications and calculations without having to worry about the underlying HPC infrastructure. For further information, please visit https://atnorth.com/

About Goldman Sachs Asset Management Private Equity

Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within Goldman Sachs (NYSE: GS), we deliver investment and advisory services for the world’s leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market—overseeing more than $2 trillion in assets under supervision worldwide as of June 30, 2022. Driven by a passion for our clients’ performance, we seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time. Goldman Sachs Asset Management invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate and infrastructure. Established in 1986, the Private Equity business within Goldman Sachs Asset Management has invested over $75 billion since inception. We combine our global network of relationships, our unique insight across markets, industries and regions, and the worldwide resources of Goldman Sachs to build businesses and accelerate value creation across our portfolios. For further information, please visit www.goldmansachs.com

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