According to reports, New Zealand-based infrastructure firm HRL Morrison & Co. wants to purchase UK operator Ark Data Centres. According to Bloomberg, the sale might be worth roughly $3 billion for the UK company and cites anonymous sources with knowledge of the situation. In August 2022, IJ Global was the first to disclose that the business may be for sale. One of the "final bidders" for Ark, which Elliott Investment Management now owns with Revcap as a minority shareholder, is Morrison. According to the magazine, negotiations are well along, and another winner might emerge because no definitive agreements have been made. Bloomberg received no comments from any of the companies.
Ark, a 2005 startup, runs data center facilities at Farnborough's Cody Park, north London's Meridian Park, as well as Corsham, Wiltshire's Spring Park. It is working on many projects in west London's Union Park, Long Cross Park, and Alliance Park. A multitude of UK government departments and agencies are served by Ark, which also operates Crown Hosting, a joint venture with the Cabinet Office that offers colocation services to public sector organizations and government departments. The UK government might examine any acquisition.
The company obtained a $902 million loan last year to pay for campus expansions and to restructure current debt. Morrison & Co., an alternative asset management specializing in real estate and infrastructure, was established in 1988. Its infrastructure fund Infratil, which invested in UK data center company Kao Data, is owned by the company. In addition, the company has financed CDC Data Centers, Vodafone New Zealand, and the Dutch fiber provider Fore Freedom.
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