InfraRed Capital Partners completed the acquisition of NxN Data Centers from Adequita Capital and Nethits Telecom Group.

InfraRed Capital Partners, a private equity firm, completed the acquisition of NxN Data Centers, a Spanish data centre platform, from Adequita Capital, a private equity firm, and Nethits Telecom Group, a telecom firm. Financial terms were not disclosed. “We are delighted to partner with InfraRed to deliver high-quality, energy-efficient data centers in Spain. By leveraging InfraRed’s experience in growing data center businesses, we are well-positioned to execute our vision for NxN: to deliver best-in-class data center infrastructure supporting Spain’s digital transformation. This initiative is underpinned by the extensive track record that Nethits has built over more than 20 years in the telecommunications sector,” Javier Salas, Nethits and NxN Founder and Executive Chairman.