ACS, BlackRock’s GIP to form global data centre JV

ACS Group and Global Infrastructure Partners (GIP), a BlackRock company, person agreed to signifier a associated task (JV) to make and run information centres crossed aggregate planetary markets.

The 50-50 concern volition motorboat with an archetypal portfolio of 1.7 gigawatts (GW) successful information centre assets presently nether improvement by ACS successful Europe, the US, and Australia.

The transaction values this portfolio astatine astir €2bn ($2.3bn), divided betwixt an upfront currency outgo of astir €1bn and archetypal earn-outs of up to €1bn, taxable to definite commercialized milestones.

Furthermore, an earn-out of up to €200m whitethorn beryllium triggered by further pipeline projects nether review.

The JV statement is contingent connected receipt of each the indispensable regulatory approvals.

GIP president and CEO Bayo Ogunlesi said: “As AI continues to reshape galore sectors of the planetary economy, today’s announcement volition let america to proceed to enactment innovation astatine scale.

“GIP has a longstanding and heavy narration with ACS and unneurotic we are committed to gathering the infrastructure required for the maturation of unreality and AI concern and enactment transformative growth.”

The platform’s operational exemplary volition beryllium based connected full-lifecycle task transportation provided by ACS Group subsidiaries, covering onshore acquisition, permitting, design, build, commissioning, and operations.

The collaboration aims to code the needs of hyperscale clients and endeavor AI workloads seeking accelerated deployment, grid interconnection, renewable vigor sources, and modular information centre architecture.

ACS Group CEO Juan Santamaría said: “This statement is simply a decisive measurement successful our strategy to pb the integer infrastructure assemblage globally.

“By joining forces with GIP, we are combining ACS’s development, engineering, and operation expertise with the heavy concern capableness and manufacture acquisition of 1 of the world’s starring infrastructure investors.”

ACS Group is presently assessing a imaginable task pipeline exceeding 11GW crossed North America, Europe, and Asia Pacific regions.

The radical has antecedently constructed implicit 5.5GW of information centre capableness done affiliates including Turner Construction Company (and its Dornan Group division) and Leighton Asia.

GIP invests successful large-scale integer infrastructure and expects the concern to widen its scope wrong information centre markets globally.

In October 2025, a consortium comprising the Artificial Intelligence Infrastructure Partnership (AIP), MGX, and GIP agreed to get Aligned Data Centers successful a woody valuing the institution astatine astir $40bn.

"ACS, BlackRock’s GIP to signifier planetary information centre JV" was primitively created and published by Verdict, a GlobalData owned brand.