Skanska (a multinational construction and project development company) has entered into a contract with atNorth (a data center operator) to construct an expansion to the FIN02 data center facility in Espoo, Finland, valued at USD 117.31 million. The contract will be recorded in Skanska's Nordic order bookings for the second quarter of 2026.

Project Scope and Scale

The expansion project involves the construction of a new five-story building that will house data halls and office space. The total footprint of the expansion covers approximately 11,200 square meters.

The scope of work includes fit-out work for the data center in addition to the structural build. Once the expansion is complete, the gross capacity of the entire FIN02 facility will reach 45 megawatts.

The contract builds upon an existing relationship between the two companies. Skanska and atNorth had previously agreed to build the core and shell of the expansion building, and the new contract extends that work to include the full fit-out phase of the project.

Construction Timeline

Construction work on the Espoo expansion began in April 2026, with core and shell work underway alongside preparatory work for the fit-out phase. The completed data center expansion is expected to be handed over in the third quarter of 2027.

Financial and Reporting Context

The USD 117.31 million contract value will be included in Skanska's Nordic order bookings for the second quarter of 2026.

The booking underscores growing demand for large-scale data center infrastructure in the Nordic region, where Skanska has positioned itself as a significant construction partner for technology facility projects.

About the Companies Involved

Skanska is a multinational construction and project development company headquartered in Stockholm, Sweden. The company operates across multiple segments, including building construction, civil construction, and commercial property development in the Nordic countries, Europe, and the United States.

The FIN02 facility belongs to atNorth, a data center operator with a presence in the Nordic market. The Espoo location in Finland serves as the site for this capacity expansion project.

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