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New York, Feb. 10, 2021 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report Data Center Construction Market - Global Outlook and Forecast 2021-2026 - https://www.reportlinker.com/p05442034/?utm source=GNW
8% during the period 2021–2026.
The global data center construction market continues to witness a slew of mergers and acquisitions, followed by joint ventures. The growing demand for data center services across industries has led service providers to collaborate, participate, and sign several mergers and acquisitions to expand their portfolios, expand their reach, and increase their penetration in the market. M&A activities have been followed up with joint ventures, which have acted as a catalyst for market growth. Although the market witnessed several mergers and acquisitions in 2020, the most remarkable ones are the acquisition of Digital Realty merger with Interxion in March 2020, Hypertec by Vantage Data Center in Nov 2020 in Canada. The APAC
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Teraco Data Environments, Africaâs largest data-center company, raised R2.5 billion ($170 million) to fund the construction of a new facility in South Africa.
The loan financing was led by Johannesburg-based lender Absa Group, and will help Teraco construct a seventh site in Africaâs most industrialised nation, according to Chief Financial Officer Samuel Erwin.
âWe do see continued growth in South Africa and this will form a big part of our focus for the next two to three years,â said Erwin, who joined the company last year from Barclays Africa. âWe are focused on growth, which is always capital intensive, and that means we will always be capital hungry.â