ACS and GIP join forces in €23 billion data center deal
Business
Spanish construction giant ACS is teaming up with Global Infrastructure Partners (GIP), part of BlackRock, in a massive €23 billion ($26.8 billion) deal to grow its data center business.
GIP is buying half of ACS Digital & Energy, investing €5 billion in equity capital and with the deal structured to include €18 billion in debt—a clear sign that digital infrastructure is getting serious attention as AI keeps booming.
ACS aims to increase the value of its data center arm
ACS wants to boost the value of its data center arm to €5 billion by 2030, and this partnership should help them get there.
The company plans to share more details about its updated strategy at an upcoming investor day, so keep an eye out if you're curious about where all this tech investment is headed.