Cordiant Expands with Belgian Data Centre Acquisition

Cordiant Digital Infrastructure Limited (GB:CORD) has released an update.

Cordiant Digital Infrastructure Limited has announced a strategic acquisition of Belgian data centre provider DCU Invest NV and the data centre business from Proximus Group. This €92.3 million investment will see Cordiant and partners holding a 47.5% stake in the newly formed Combined Group, expected to boost operations with 13MW of IT power and significant revenue potential. The acquisition aligns with Cordiant’s growth strategy in the digital infrastructure space, aiming to capitalize on economies of scale and expand its European data centre portfolio.

For further insights into GB:CORD stock, check out TipRanks’ Stock Analysis page.