Blackstone is Planning to Buy Data Center Construction Firm Winthrop for $878 Million

Investment giant Blackstone is reportedly in advanced talks to acquire Winthrop Technologies, a major European data center construction firm, for a whopping USD 878 million (GBP 700 million). This move underscores the booming demand for data centers, fueled by the ever-increasing need for computing power.

Blackstone, already a major player in real estate, seems intent on expanding its footprint in the data center sector. This potential acquisition follows its USD 10 billion purchase of QTS, a data center operator, in 2021.

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Winthrop, based in Ireland, specializes in turnkey data center solutions, designing and building these crucial facilities across Europe. With a strong client base, including tech giants like Google and Microsoft, the company stands to benefit from the ever-growing data needs of businesses and consumers alike.

Details of the potential deal remain unclear, but sources suggest Blackstone is aiming for a controlling stake in Winthrop. If successful, this acquisition would solidify Blackstone's position in the data center market, allowing it to capitalize on the sector's continued growth.

About Blackstone

Blackstone is an American alternative investment management company based in New York City. Founded in 1985, it is the world's largest alternative asset manager, with over USD 1 trillion in assets under management. Blackstone is a private equity firm that specializes in leveraged buyouts, real estate, credit, and hedge funds. The firm has been involved in some of the largest and most notable deals in recent history, including the acquisition of Hilton Hotels in 2007 and the purchase of a majority stake in Thomson Reuters in 2018.

About Winthrop

Winthrop Technologies, headquartered in Ireland, has established itself as a leading player in the European data center construction market. They handle the entire process, from design and engineering to construction and commissioning, offering clients a one-stop shop for their data center needs. Winthrop focuses on building highly reliable and secure data centers for major clients like Google and Microsoft, demanding expertise in critical infrastructure.

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