Cordiant Digital Infrastructure Limited; Datacenter United

CORD's Datacenter United closing is a Belgian infrastructure-control story, not just an acquisition headline. Cordiant Digital Infrastructure takes a 47.5% economic interest and 50% voting position in DCU Invest, while Datacenter United absorbs Proximus' Belgian data-centre business. The result is a 13-site Belgian colocation platform with power, cooling, interconnection, enterprise and public-sector customer exposure, plus a long-term Proximus tenancy that makes integration quality more important than the transaction label.

Cordiant Digital Infrastructure said on 3 March 2025 that the acquisition of a 47.5% economic and 50% voting interest in DCU Invest, the Datacenter United vehicle, had closed. The linked acquisition by DCU of Datacenter United Brussels, owner of Proximus' data-centre business, also closed. That structure means CORD did not simply buy a news headline called Datacenter United; it entered the ownership and governance stack of a Belgian data-centre operator.

The operating surface is Belgian colocation density. Cordiant's RNS says the combined business consists of 13 data centres across 11 Belgian locations with around 13MW of IT capacity. The earlier Cordiant announcement framed the target as a market-leading retail and wholesale colocation operator, combining Datacenter United's existing Tier III/IV footprint with Proximus data-centre assets in Evere, Mechelen and Machelen.

The mechanism is capital plus customer lock-in. Cordiant and another Cordiant-managed fund agreed to acquire the DCU position for EUR92.3m of equity consideration, while DCU agreed to acquire the Proximus data-centre business for EUR128m enterprise value. Proximus entered a master service agreement with an initial 10-year term and two 5-year extension options, and Cordiant said Proximus was expected to use 37% of the combined group's IT power capacity at completion.

That makes the post-close question operational. Datacenter United gains a larger Brussels and national footprint; CORD gains exposure to Belgian wholesale and retail data-centre infrastructure; TINC remains a major economic and voting holder. The useful watchpoint is whether the platform can integrate the Proximus estate, preserve service quality, manage power and expansion constraints, and convert a larger footprint into customer optionality rather than just ownership complexity.