Aqua Comms DAC (“Aqua Comms”), the owner and operator of America Europe Connect-1 (AEC-1), America Europe Connect-2 (AEC-2) and CeltixConnect-1 (CC-1) today announced that it has been acquired by digital investment trust Digital 9 Infrastructure PLC (“D9”).
The previous shareholder investment is now replaced by the newly established digital investment trust under investment manager ‘Triple Point Investment Management LLP’. Notwithstanding this change of shareholder, Aqua Comms will continue to operate as a privately owned company, though wholly owned by this publicly traded fund.
Aqua Comms’ CEO, Nigel Bayliff, commented: “The acquisition by Digital 9 will facilitate Aqua Comms in delivering on its vision of efficient infrastructure ownership and deployment to the widest possible market through its Carrier-Neutral approach. It will allow us to accelerate our expansion into new systems and new products in both the Atlantic and new geographies. With the majority of the Board unchanged, and with our management and operating teams remaining the same, we will continue to pursue our growth ambitions with the secure backing of a specialist investor.”
Thor Johnsen, Head of Digital Infrastructure at Triple Point Investment Management, said:
“We have collectively experienced the digital transformation in our society over the last few decades (and particularly in the last 12 months), and we believe we are at the dawn of a broader transformation. D9 is focused on global investment into the critical infrastructure driving this unstoppable force of change, and D9 is therefore delighted to complete its acquisition of Aqua Comms as the initial cornerstone investment for this new fund.”