Colt Technology Services has announced the sale of eight data centers in Europe as part of its strategy to focus on its core business: providing sustainable digital infrastructure. The transaction, the amount of which has not been disclosed, includes assets located in the Netherlands, Germany, and the United Kingdom.
A Deal with Two Key Buyers
The divestment includes two asset packages:
- Six data centers in Frankfurt, Berlin, Hamburg, Munich, Düsseldorf, and Amsterdam have been acquired by NorthC Datacenters, a leading regional provider present in Northwest Europe. NorthC is primarily owned by funds managed by DWS Group.
- Two additional centers in London will be transferred to another UK company in the sector, also under the management of funds administered by DWS Group.
These assets are part of the infrastructure that Colt acquired following its purchase of Lumen EMEA.
Colt Will Remain Present at the Facilities
As part of the agreement, Colt has signed a long-term strategic alliance with NorthC, under which it will continue to operate network equipment in the transferred centers. Thus, it will continue to use part of the infrastructure as a customer, ensuring service continuity and its presence in key locations.
Keri Gilder, CEO of Colt, stated that this operation will allow them to focus on “driving growth, enhancing customer experience, and building a sustainable forward-looking network.” According to Gilder, the sale is part of a simplification strategy to focus on strategic areas in the context of the rise of the artificial intelligence-based economy.
NorthC Strengthens Its Presence in Germany and the Netherlands
For NorthC, this acquisition represents a significant step in its expansion within the DACH and Benelux regions. The acquired centers have a combined energy capacity of over 25 megawatts, bolstering the company’s position in the European market.
Alexandra Schless, CEO of NorthC Group, emphasized that this is a “key milestone in the consolidation of a leading regional data center platform in Western Europe.” The company expects to leverage this acquisition to boost its growth and offer nationwide services in Germany, the largest economic market on the continent.
A Strategic Move in a Context of Consolidation
The data center market in Europe continues to experience strong consolidation, driven by the growing demand for cloud services, AI, and advanced connectivity. The transaction reinforces the trend of specialization by major operators and investment funds, who see data centers as a strategic asset for the continent’s digital future.
The transaction is subject to customary closing conditions and is expected to be finalized during 2025.
Reference: NorthC