European investment company Cube Infrastructure Management has purchased a controlling share in the Nordic data center company Glesys. The agreement's terms were kept confidential. The purchase was completed through the Cube Infrastructure Fund III with funding from the VIA Equity Fond III, Glenn Johansson, the founder and CEO of Glesys, as well as other Glesys employees and minority owners. In order to maintain a minority shareholding in the company, Johansson and a few other key employees will reinvest in it with Cube. They will also continue to work as key personnel.
Glesys, a company that was established in 1999, provides infrastructure as a service in addition to colocation, dedicated servers, network & connectivity, system administration, and virtual private servers. The firm owns and runs three data centers, one each in Falkenberg, Stockholm, and Oulu, Finland. In 2018, the European buyout company VIA made a financial investment in Glesys.
Cube declared that it will work to "further accelerate" Glesys' expansion and "be a consolidator" of the data center industry. Cube is a mid-market infrastructure investor that was established in 2007. In October 2022, the business purchased German data center provider FirstColo. Other digital companies in which Cube has invested include the Spanish fiber-to-the-home providers Asteo Red Neutra and Vento Rede, the Italian Unifiber, the Dutch fiber company Rodin, the Czech company Scancom, the Croatian and Slovenian companies RuNe, the Portuguese companies dst telecomunicaçes and Covage, the French company Heliot, the cable company IslaLink, and the UK companies Trooli and G.Network. REYL Intesa Sanpaolo, DLA Piper, Alvarez & Marsal, and Fide provided advice to Cube. Torch Partners, Deloitte, Arthur D. Little, and Vinge provided advice to VIA and other owners, and the law firms of Censor M&A and Forssander Sonander provided guidance to management.
