- Cordiant Digital Infrastructure Limited (CORD) has completed the acquisition of a 47.5% economic interest in DCU Invest NV (Datacenter United).
- The deal coincides with DCU Invest’s acquisition of Proximus Group’s data centre business, marking a significant expansion in CORD’s digital infrastructure portfolio.
What happened: CORD’s strategic expansion into data centres
Cordiant Digital Infrastructure Limited (CORD) has successfully finalised its €92 million acquisition of a 47.5% economic interest in DCU Invest NV (Datacenter United), a leading data centre operator in Belgium. This acquisition is a significant step in CORD’s strategy to expand its digital infrastructure portfolio. The deal also coincides with DCU Invest’s acquisition of the entire share capital of Datacenter United Brussels NV, the parent company of Proximus Group’s data centre arm.
Datacenter United now operates 13 data centres across 11 locations in Belgium, with a combined IT capacity of 13 MW. Post-acquisition, TINC will retain a 47.5% economic (50% voting) stake in DCU Invest, while CEO Friso Haringsma will hold a 5% non-voting interest. This transaction was initially agreed upon in December last year and represents a strategic consolidation of assets in the Belgian data centre market.
CORD’s Chairman, Shonaid Jemmett-Page, expressed delight at the completion of the acquisition, highlighting the potential to create a market-leading data centre business in an attractive geography. Co-founder of Cordiant Digital, Steven Marshall, noted that the transaction’s success was due to the Investment Manager’s ability to create value from a complex situation.
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Why it’s important
The acquisition by CORD marks a significant consolidation in the Belgian data centre market. By integrating Proximus Group’s data centres into its portfolio, Datacenter United significantly expands its market share and capacity. This move not only enhances CORD’s presence in digital infrastructure but also positions the company to capitalise on the growing demand for colocation services and hyperscale solutions. The acquisition is expected to drive further investment and innovation in Belgium’s digital infrastructure, supporting the region’s transition to a more digitalised economy.
