Digital Colony completed the acquisition of the data center and colocation business of UOL Diveo for $292m.

Digital Colony, the digital infrastructure investment platform of Colony Capital, completed the acquisition of the data center and colocation business of UOL Diveo, Brazil's largest IT data and infrastructure provider, for $292m. "UOL Diveo is excited to partner with Scala to support our long-term data center infrastructure requirements. We are confident that Scala, with its premier facilities and track record of performance, together with its seasoned management team and partnership with Digital Colony, will be the ideal partner for our business as we continue to scale our infrastructure requirements," Gil Torquato, UOL Diveo CEO.