Investment firm InfraVia and French telco Iliad’s data center unit this week announced the two companies have entered into exclusive discussions to form a partnership aimed at “developing OpCore into a major European hyperscale data center platform. As part of the deal, InfraVia, through its infrastructure funds, will acquire a 50 percent equity stake in OpCore, which is valued at an enterprise value of €860 million ($903.4m). The deal is expected to close in the first half of 2025.
Arnaud de Bermingham, CEO of OpCore, added: “At OpCore, we are seeing unprecedented growth in the capacity demands expressed by hyperscaler and AI customers. Our experience, track record, and unique technologies are key assets in a radically changing data center industry. As a co-founder of OpCore leading the company for 20 years, I am very proud of the milestones and value creation achieved with the team and I am excited about the huge opportunities ahead. I am convinced that Iliad and InfraVia are the perfect shareholders to support Opcore on our ambitious growth plans.”
The companies said the financing will enable OpCore to scale to more than 130MW through the development of a c.100MW data center in the Paris region, and then to “multiple hundreds of megawatts” across Europe. Scaleway is set to remain a major tenant of OpCore’s sites.
