10 Biggest Data Centre M&A Deals in the Last Five Years
The data centre industry doesn’t sit still for long. Over the past few years, we’ve seen some of the biggest names in tech and infrastructure making bold moves, snapping up key assets to scale faster, meet soaring digital demand, and stay ahead of the curve. From AI-optimised infrastructure to nuclear-powered campuses (yes, really), these data centre M&A deals aren’t just about growth, they’re shaping the future of how we store, move, and protect data.
We’ve pulled together ten of the most significant data centre acquisitions since 2020, ranked smallest to biggest, and what they tell us about where the industry’s heading next.
As the data centre landscape keeps evolving, the need for forward-thinking leadership is only growing. If you’re building or scaling a team and need exec-level expertise to help you navigate what’s next, Data eXec is here to support.
1. Amazon Web Services acquired Cumulus Data Center Campus
$650 million – March 2025
The smallest announcement on our list – in March 2025, AWS announced it was scooping up the Cumulus Data Center Campus for a cool $650 million. Located in Pennsylvania, the campus will run on nuclear power, giving AWS a big boost in its push for greener, more sustainable energy. This move is all about expanding their data centre network while also making a serious commitment to cutting down on carbon emissions—talk about a win-win!
2. Brookfield acquired Compass Datacenters
$5.5 billion – June 2023
In June 2023, Brookfield and Ontario Teachers’ Pension Plan teamed up to acquire Compass Datacenters for a hefty $5.5 billion. This deal is all about expanding their footprint in the data centre space, with Compass bringing a strong portfolio of facilities across the USA. The acquisition not only boosts their capacity but also helps them meet the growing demand for secure, high-performance infrastructure in the digital age. It’s a big step in the ongoing race to build more data centres as the world keeps generating data at breakneck speed!
3. SoftBank Group Corp. acquired Ampere Computing
$6.5 billion – Expected late 2025
In a big move for AI and computing, SoftBank Group Corp. announced plans to acquire Ampere Computing for a massive $6.5 billion, with the deal expected to close in late 2025. Ampere, known for its high-performance chips designed for cloud data centres, will help SoftBank strengthen its AI capabilities and expand its presence in the tech sector. This acquisition highlights SoftBank’s push to keep up with the rapidly growing demand for AI-driven technology, making it a key player in the future of data centre infrastructure.
4. Digital Realty acquired Interxion
$8.4 billion – March 2020
Back in March 2020, Digital Realty completed its $8.4 billion acquisition of Interxion, making a major move to strengthen its global data centre network. With this deal, Digital Realty added a host of data centres across Europe, expanding its reach and improving its ability to support the growing demand for digital infrastructure. The acquisition not only boosts their global footprint but also positions them well to serve clients in a rapidly changing, data-driven world. Quite the power play in the data centre space!
5. Blackstone acquired QTS Realty Trust
$10 billion – August 2021
In August 2021, Blackstone completed a $10 billion deal to acquire QTS Realty Trust, marking a big move in the data centre space. This acquisition added QTS’s high-quality data centres to Blackstone’s growing portfolio, enhancing its global infrastructure and increasing its presence across key markets. It’s a win for Blackstone as they continue to expand in the rapidly growing digital economy!
6. American Tower Corporation acquiring CoreSite
$10.1 billion – December 2021
In December 2021, American Tower Corporation sealed the deal to acquire CoreSite for $10.1 billion, expanding its footprint in the data centre world. CoreSite, known for its robust network of data centres across the USA, added significant value to American Tower’s portfolio, bolstering its position in the connectivity and digital infrastructure space. It’s a solid move to support the ever-growing demand for cloud and internet services!
7. DigitalBridge and IFM Investors acquired Switch
$11 billion – December 2022
In December 2022, DigitalBridge and IFM Investors teamed up to acquire Switch for $11 billion, making a bold play to expand their data centre assets. Switch, known for its innovative and sustainable data centres, added great value to their portfolio, positioning them to better serve the demand for secure, scalable digital infrastructure. A smart move in a booming market!
8. KKR and Global Infrastructure Partners acquired CyrusOne
$15 billion – March 2022
In March 2022, KKR and Global Infrastructure Partners (GIP) completed the $15 billion acquisition of CyrusOne, one of the largest data centre operators in the world. The deal was a strategic play to ramp up their data centre investments, expanding their reach and capability in the ever-growing cloud market. A powerful step for both firms as they capitalise on the digital transformation wave!
9. Blackstone and Canada Pension Plan Investment Board acquired AirTrunk
$16.1 billion – December 2024
In December 2024, Blackstone and the Canada Pension Plan Investment Board (CPP) joined forces to acquire AirTrunk for $16.1 billion. With this acquisition, they’ve secured a key player in the Asia-Pacific data centre market, expanding their global reach and reinforcing their commitment to meeting the world’s growing digital needs. Big things are on the horizon with this power move!
10. Google acquired Wiz
$32 billion – March 2025
The largest acquisition on our list – in March 2025, Google made waves with its $32 billion acquisition of Wiz, a cybersecurity company focused on securing cloud infrastructure. While not strictly in the traditional data centre space, this acquisition is hugely significant for the cloud and data security industries. Google is doubling down on its efforts to stay ahead in the AI-driven tech world, making sure their data centres and cloud services are safe, secure, and future-proof!
What all of this shows is just how fast the data centre world is moving. These data centre mergers and acquisitions aren’t just big headlines – they’re real signals of where things are heading. From tighter security and greener tech to smarter infrastructure built for AI, the sector is shifting to meet new challenges head-on.
For anyone working in or around data centres, keeping up with these changes isn’t just helpful, it’s essential. Because the decisions being made today are laying the groundwork for the digital infrastructure of tomorrow.
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