Infrastructure investment manager I Squared Capital has completed the acquisition of KIO Networks, Mexico’s largest data centre operator.

The company has assets in Mexico, Central America and the Caribbean through a network of data centres with over 20 megawatts of installed operational capacity and expansion potential.

Adil Rahmathulla, Managing Partner at I Squared Capital, said: “Our investment in KIO Networks continues our commitments to digital infrastructure, where we have deployed over $3 billion across six investments with assets in 41 countries on four continents.

“Our global digital infrastructure portfolio connects millions of people across four continents through a diverse set of assets including data centres, fibre networks, and cellular sites. The KIO Networks acquisition expands our data centre footprint within our global digital infrastructure portfolio by adding a platform with an established track record of developing, constructing and operating data centres.”

KIO Networks’ platform includes data centre operations in Mexico, Panama, Guatemala, the Dominican Republic, and Spain. The company also offers managed services for Cloud, cybersecurity, and business applications.

I Squared Capital is an independent global infrastructure investment manager with over $32 billion in assets under management focusing on utilities, digital infrastructure, energy, transport and social infrastructure in North America, Europe, Latin America, and Asia.

Headquartered in Miami, the firm also has offices in Hong Kong, London, New Delhi, and Singapore.