Datacenter Forum
Datacenter Forum
Datacenter Forum
Datacenter Forum
Events & Webinars Datacenter directory
  • Share page on Linkedin
  • Share page on Facebook
  • Share page on Twitter
  • Link copied!
slider-image
Start
Upcoming Events
Datacenter Directory
DatacenterFlix
Topics
About us
Partner login
NEWS

Green Mountain Data Centers to be acquired by Azrieli Group

Green Mountain Data Centers to be acquired by Azrieli Group
  • Datacenter Forum news, knowledge, inspiration & events
    Start
  • Data center forum Events & webinars
    Upcoming Events
  • Datacenter Forum topics
    Topics
  • Data center directory - who's who in the datacenter industry
    Datacenter Directory
  • about Datacenter Forum
    About us
  • Datacenter Forum portal
    Partner login
  • Datacenter Forum Training
    Training
  • Partner up
    Partner up
  • Datacenter Forum video channels
    DatacenterFlix
Green Mountain Data Centre
updated: 19-09-2021 | 20:32
Share page on Linkedin Share page on Facebook Share page on Twitter Link copied!

Smedvig, the majority owner of Green Mountain, has agreed to sell the company to Azrieli Group Ltd., an Israeli publicly traded real estate investment and development company on the Tel Aviv Stock Exchange. The acquisition secures Green Mountain the necessary capital to fulfill its growth ambitions in the European market.

 

The Azrieli Group is an entrepreneurial company which has targeted the Data Center industry as one of its main growth engines. The company has a track record of investing for the long term and of building high quality assets with a commitment of integrity to its customers, investors and shareholders. The company sees this investment opportunity of purchasing Green Mountain, with its high quality professional management, as a way to further achieve its goals to be a leading Data Center player in the European market.

 

The Azrieli Group also has a successful track record in the Data Center sector in the US, through its investment in Compass Datacenters, a leading data center provider to hyper-scalers and international enterprises in North America. Green Mountain is positioned for growth and will be able to accelerate expansion in the Nordic market and beyond.

 

A recent Altman Solon report estimates the Nordic market may grow from 179MW to 895 MW in 2025. "With the capital and expertise of Azrieli we are extremely well positioned to take important market shares. It has been a long process and we are very satisified with the final outcome.", says CEO of Green Mountain, Tor Kristian Gyland. The acquisition process has been supported by Goldman Sachs and Torch Partners who experienced a massive interest in this opportunity. Odd Torland, CEO of Smedvig, is pleased with the transaction: "We have built the company gradually since 2011. Now, we felt the time was right for new owners as major investments are needed". 

RELATED


atNorth Acquires Two Data Centers in Finland as It Continues to Grow in the Nordic Region
News atNorth Acquires Two Data Centers in Finland as It Continues to Grow in the Nordic Region
Datacenter Forum Stockholm 2022
Channel Datacenter Forum Stockholm 2022 Datacenter Forum
EU adopts Corporate Sustainability Reporting Directive
News EU adopts Corporate Sustainability Reporting Directive Datacenter Forum
Datacenter Forum Reykjavik 2022
Channel Datacenter Forum Reykjavik 2022 Datacenter Forum
Datacenter Forum Copenhagen 2022
Channel Datacenter Forum Copenhagen 2022 Datacenter Forum
The Nordics as the Sustainable Digital Backbone of Europe at Data Center Changemakers Sweden
Video The Nordics as the Sustainable Digital Backbone of Europe at Data Center Changemakers Sweden Datacenter Forum
Circular Data Center Economy at Data Center Changemakers Sweden
Video Circular Data Center Economy at Data Center Changemakers Sweden Datacenter Forum
Hybrid IT & Multicloud at Data Center Changemakers Sweden
Video Hybrid IT & Multicloud at Data Center Changemakers Sweden Datacenter Forum
Datacenter Forum Helsinki 2022
Channel Datacenter Forum Helsinki 2022 Datacenter Forum
Datacenter Forum Oslo 2022
Channel Datacenter Forum Oslo 2022 Datacenter Forum
Green Mountain expands capacity at data center in Norway
News Green Mountain expands capacity at data center in Norway Green Mountain Data Centre
atNorth launches GPUaaS solution for HPC volumes in collaboration with Nvidia
News atNorth launches GPUaaS solution for HPC volumes in collaboration with Nvidia atNorth
Filters

Topics

Specify search results.
Datacenter Forum
Datacenter Forum
ABOUT US

Creating valuable relations between all community members in the data center industry by offering news, knowledge, network opportunities and inspiration since 2014

More about us  |  Privacy policy

CONTACT US

 

Nygatan 17

54230 Mariestad

Sweden

 

info@datacenter-forum.com

Oslo 2023 Helsinki 2023 Copenhagen 2023 Stockholm 2023
SOCIAL