Colt Data Centre Services and RMZ announce a joint venture to invest $1.7 Billion in the Indian Data Centre market

MUMBAI, India and CHENNAI, India, Nov. 19, 2024 /PRNewswire/ -- RMZ, one of the world's largest family-owned alternative asset owners, and Colt Data Centre Services (Colt DCS), a leading global hyperscale data centre operator, announced a joint venture focused on developing digital infrastructure in the Indian market. The venture represents an equal partnership between RMZ and COLT DCS.

Colt DCS has 25 years of experience developing and operating data centres in Tier 1 markets in Europe, Japan and India. It has recently enjoyed strong growth delivering sustainably designed infrastructure and world-class service for global hyperscale customers. The joint venture will accelerate the delivery of new capacity for their customers in India. RMZ brings 20 years of experience in developing, owning and operating high quality infrastructure in rapidly growing Indian markets. The joint venture will leverage RMZ's long term relationships with supply chain partners and their Fortune India 500 customers as the company enters the digital infrastructure market.

Commenting on the partnership, Niclas Sanfridsson, CEO of Colt DCS said, "In terms of our expansion India remains a strategic country of focus and key in terms of delivering against our aggressive growth strategy. Colt DCS has a proven track record, working with the world's largest hyperscale cloud providers and multi-national companies. The partnership with RMZ will provide the opportunity to further accelerate and execute our ambitious plans."

Commenting on the joint venture, Deepak Chhabria, CEO of RMZ Infrastructure stated, "We are witnessing an extraordinary shift in the data centre landscape, driven by the accelerating demands of cloud adoption and the AI revolution. At RMZ Infrastructure, we recognize that digital infrastructure is not just an investment theme but a cornerstone of India's economic future. Colt DCS' proven track record in delivering high-quality, scalable solutions aligns perfectly with our vision for India. Colt DCS commitment to operational excellence and innovation complements our mission to build state-of-the-art facilities that meet the evolving needs of sectors such as banking, financial services, and media. This is our opportunity to shape the future of data infrastructure in India, and we are ready to rise to the challenge."

About Colt DCS :

Colt DCS provides true service and operational excellence in the sustainable design, build, delivery and operational management of hyperscale data centres across Europe and APAC. They provide data centre solutions to hyperscale and large enterprise customers across 16 state-of-the-art carrier neutral data centres spanning 8 cities.

Their hyperscale and colocation solutions allow their customers the freedom to plan effectively for the growth of their business, knowing that their data centre strategy is ready for the demands of tomorrow.

Colt DCS has over 25 years of experience in the industry, delivering on its vision of being the most trusted and customer-centric data centre operator in the market. They put environmental awareness at the heart of everything they do and have taken ownership to reduce their environmental impact globally and make sustainability a key strategic driver. As part of its sustainability journey, Colt DCS has set comprehensive near and long-term Science-based Targets to cut their emissions in line with the SBTi's latest Net Zero Standard.

https://www.coltdatacentres.net

About RMZ:

RMZ is one of the world's largest family-owned alternative asset owners, with a core focus on real estate and infrastructure. As custodians of smart capital, they own and build businesses that set the foundations of a sustainable economy. Their multi-industry scale enables investment in dynamic sectors, geographies, and strategies positioned for long-term growth. Headquartered in India, RMZ specializes in real assets, encompassing premium office, industrial & logistics, hospitality, luxury living, mixed-use developments and data centers.

With over two decades of expertise in alternative asset investment and development, RMZ is renowned for its tailored real asset solutions. As custodians of smart capital, the family-owned firm owns, develops, manages, and invests in businesses that shape the future, setting the foundations for a sustainable global economy. Future infrastructure initiatives will incorporate innovative technologies and solutions, ensuring responsiveness to evolving market demands.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Colt Data Centre Services and RMZ announce a joint venture to invest $1.7 Billion in the Indian Data Centre market

Colt Data Centre Services and RMZ announce a joint venture to invest $1.7 Billion in the Indian Data Centre market

Colt Data Centre Services and RMZ announce a joint venture to invest $1.7 Billion in the Indian Data Centre market

SEOUL, South Korea, Nov. 20, 2024 /PRNewswire/ -- Binggrae, South Korea's leading food company, has announced that its flagship ice bar, Melona, is now available at Costco in Australia starting this month.

Binggrae is well-known for its diverse product offerings, including the best-selling Banana Flavored Milk, Yoplait—the first spoonable yogurt in Korea introduced through a technical partnership with Sodima—and the iconic Melona ice bar. Since its founding in 1967, Binggrae has become a household name in Korea.

At Costco Australia, Binggrae is offering a 24-pack bundle of Melona, which includes 8 bars each of melon, mango, and coconut flavors.

In addition to Costco, Binggrae has already entered other major Australian retail chains. Since its official market entry last year, Binggrae's products have been available at Woolworths, the leading supermarket chain in Australia, and IGA, the fourth-largest. Both retailers currently sell Melona, as well as Binggrae's Samanco—a popular Korean frozen dessert made with ice cream and sweet syrup layered in a fish-shaped wafer, inspired by the beloved Korean winter snack bungeoppang.

Next month, Melona and Samanco are also set to launch at Coles, Australia's second-largest supermarket chain, further expanding Binggrae's reach in the region.

Binggrae first began exporting Melona in 1995, targeting the Korean community in Hawaii. To expand its presence in the U.S., the company established a local subsidiary in San Francisco in 2016, bolstering its sales and marketing efforts. Today, Melona can be found in major retailers such as Costco and other supermarkets, accounting for 70% of the U.S. sales of Korean ice bars. Binggrae later established subsidiaries in China and Vietnam, with its products now sold in mainstream markets across these countries.

Binggrae began exporting Melona to Europe, including France, Germany, the U.K., and the Netherlands last year. Since May this year, Melona has been listed in Albert Heijn, a major retail chain in the Netherlands. Melona has seen high sales rates in Asian mart chains across Europe, such as Tang Frères in France, Go Asia in Germany, Amazing Oriental in the Netherlands, and Oseyo in the U.K. The sales of Melona in Europe in the first half of this year have tripled compared to last year.

Melona continues to enjoy strong sales in North America and Southeast Asia, including the Philippines and Vietnam, and is now exported to over 30 countries worldwide. Binggrae tailors the flavors of Melona to local tastes and preferences, offering varieties such as mango and coconut.

Looking ahead, Binggrae plans to expand its ice bar product lineup in Europe to accelerate its growth in the region.

A Binggrae representative stated, "We aim to establish Australia as a key hub for global market expansion and will focus on increasing our market share in the region."

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Binggrae's Iconic Melona Ice Bar Now Available at Costco Australia