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Mediterra acquires Open Hub Med for 20 million euros

PRIVATESep 24, 2026about 3 hours ago

Acquiring Company

Mediterra DataCenters

Acquired Company

Open Hub Med

PalermoPalermoInformation TechnologyData Center

Description

Mediterra DataCenters has acquired Open Hub Med, now PMO01, for over 20 million euros. This investment aims to enhance the site’s infrastructure and expand its capacity as a digital connectivity hub. The acquisition aligns with Mediterra's strategy to solidify its position in the Mediterranean digital market. The company plans to further invest in operational efficiencies and skills development.

Company Information

Company

Mediterra DataCenters

Location

Palermo, Sicily, Italy

About

Mediterra DataCenters is dedicated to establishing strategic data centers that enhance digital connectivity. The company aims to strengthen its position within the Mediterranean’s digital landscape. It focuses on infrastructure development to support digital operators. Mediterra is committed to innovation and investment in technology.

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Frequently asked

Who acquired Open Hub Med?

Open Hub Med was acquired by Mediterra DataCenters, based in Palermo. The deal was reported on September 24, 2026. Mediterra DataCenters is dedicated to establishing strategic data centers that enhance digital connectivity. The company aims to strengthen its position within the Mediterranean’s digital landscape. Mediterra DataCenters is privately held and operates in Information Technology.

When did Mediterra DataCenters acquire Open Hub Med?

Mediterra DataCenters's acquisition of Open Hub Med was reported on September 24, 2026. Mediterra DataCenters has acquired Open Hub Med, now PMO01, for over 20 million euros. This investment aims to enhance the site’s infrastructure and expand its capacity as a digital connectivity hub. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Open Hub Med do?

Open Hub Med was an established data center focused on connectivity in the Mediterranean region. It has recently been rebranded as PMO01 following its acquisition. It is privately held, operating in Data Center, and is based in Palermo.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 285,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.