According to Sky News, the prominent private equity firm based in New York is the front-runner to acquire a substantial portion of a European data center building company for an estimated sum of £700 million.
According to information obtained by Sky News, Blackstone is the front-runner to buy Ireland’s Winthrop Technologies, a privately held business, for an estimated £700 million.
Should the transaction go through, it would be Blackstone’s most recent in the rapidly expanding data center industry, which is being driven by the skyrocketing demand for processing power.
The investor with a New York stock exchange listing spent $10 billion (£8 billion) in 2021 to acquire QTS, a data center operator.
Though it is believed to be a controlling shareholding, the exact amount of the investment that Blackstone is in talks to purchase was not made known on Monday.
Winthrop offers its clients “turnkey solutions,” which include planning and constructing data centers in several European nations, such as Germany, Ireland, the Netherlands, and Sweden.
Google and Microsoft are among its clients, demonstrating the significance of contractors in supporting one of the fastest-growing trends in the world economy.
These facilities are becoming more and more crucial since demand for large-scale data centers is predicted to soar due to the development of artificial intelligence applications.
For the first time, Winthrop announced last year that its turnover had surpassed €1 billion (£855 million), with profits predicted to have topped €100 million (£86 million).
