Industrifonden et al. back Flexenclosure

IFC is investing SEK 80m, while Industrifonden and AP2 are investing another SEK 80m jointly. Industrifonden and Andra AP-fonden are existing backers, whereas IFC is a new investor in Flexenclosure.

The fresh capital will be used for developing Flexenclosure's environmentally friendly ICT technology solutions called eSite and eCentre, aimed mainly at developing markets in Asia and Africa.

Company
Founded in 1989 and based in Vara, Sweden, Flexenclosure is a specialist supplier of intelligent power management systems and pre-fabricated data centres for the ICT industry.

eSite is a portfolio of energy-efficient hybrid power systems for base station sites in areas where grid power is unreliable or unavailable. eCentre is a prefabricated, fully equipped modular data centre solution to house and power data and telecoms equipment.

Headquartered in Stockholm, Flexenclosure opened additional offices in Nigeria, Kenya, Pakistan, India, Malaysia and Dubai in 2012. Customers include global telecom companies Bharti Airtel, MTN, Vodacom and Zain.

People
Andrew Bartley is chief investment officer for telecoms, media and technology at IFC. David King is the CEO of Flexenclosure.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Nordics
• Expansion
• Support services
• Sweden
• Industrifonden