Spanish infrastructure leader ACS has teamed up with BlackRock’s Global Infrastructure Partners (GIP) to create a powerful new platform dedicated to building next-generation data centers.
The 50-50 joint venture starts with an existing portfolio valued at around €2 billion ($2.33 billion) and offering 1.7 GW of total capacity.
Projects already in progress span Europe, the United States, and Australia, with a clear focus on meeting the soaring need for artificial intelligence and cloud computing facilities.
Strong Growth Pipeline Ahead
The partners are eyeing more than 11 GW of additional projects across North America, Europe, and Asia-Pacific. These developments are expected to join the platform as they move forward.
Both companies will inject roughly €1 billion in fresh capital, including performance-based payments tied to project milestones. An extra contingent payment of up to €200 million is also possible from opportunities currently under evaluation.
Financial Boost for ACS
The deal will deliver an immediate €100 million capital gain for ACS and further strengthens its position in the fast-growing digital infrastructure sector. The company already boasts a proven history, having delivered more than 5.5 GW of data center capacity worldwide.
With demand for AI-ready facilities showing no signs of slowing, this strategic alliance positions ACS and BlackRock to capture a significant share of one of the hottest markets in global infrastructure.
