data centre acquisitions

10 Biggest Data Centre M&A Deals in the Last Five Years 

Mar 24, 2025

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! 

Read more


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! 

Read more


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. 

Read more


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! 

Read more


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! 

Read more


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! 

Read more


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! 

Read more


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! 

Read more


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! 

Read more


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! 

Read more


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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Laura Fewell

Laura Fewell

Content Marketing Executive, DataX Connect I write research-led content about the data centre sector including compensation trends, market insights, and current challenges facing the industry - for both the professionals working in it and the employers shaping it.

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  19. The massive scale of these M&A deals in the data centre industry highlights how critical accurate valuation and market transparency are for high-stakes transactions. Just as corporate giants rely on deep financial data to finalize billion-dollar mergers, everyday consumers also need reliable benchmarks to manage their personal assets. In the Brazilian automotive market, for example, having a trusted price reference is essential for any fair negotiation. I always find it indispensable to consultar tabela fipe before making any buying or selling decisions, as it provides the same level of transparency and data-driven confidence that is required in major professional acquisitions.

  20. The sheer scale of data centre M&A activity over the last five years driven by massive private equity investments and institutional consolidation—demonstrates just how critical digital infrastructure has become to the global economy. In transactions of this magnitude, rigorous due diligence and transparent asset valuation are what make or break a deal. That same fundamental principle of verifying asset worth is essential in everyday consumer finance; on our automotive data portal, we empower car buyers and owners to consultar tabela fipe, ensuring every vehicle investment is backed by objective, verified market figures rather than speculative pricing. Outstanding financial breakdown of infrastructure deals!

  21. Es muy agradable terminar el año con temperaturas un poco más cálidas, lo cual es ideal para disfrutar de las fiestas y planear nuevos proyectos. Este cierre de año también es el momento perfecto para poner en orden nuestras finanzas y evaluar el valor de nuestros activos, especialmente si estamos pensando en cambiar de coche para el próximo ciclo. Para quienes tienen vehículos o intereses comerciales en Brasil, es fundamental estar al tanto de cómo evolucionarán los precios en el mercado. Una excelente herramienta para planificar con antelación es revisar la tabela fipe 2026, lo que permite tomar decisiones de compra o venta mucho más acertadas y comenzar el nuevo año con una base financiera sólida.

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  23. Seeing these moves to scale and future-proof makes me think about how we visually plan these expansions. For presenting proposed layouts or material palettes for new build-outs, I often use Planorial to quickly model the spatial implications for a client discussion, which helps ground the strategic talk in tangible forms.

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  25. The shift from straightforward data centre acquisitions to AI-optimised infrastructure and even nuclear-powered campuses shows how M&A is now shaping long-term capacity and energy strategy, not just market share.

    On a much smaller scale, our indie team sees that infrastructure make practical AI tools possible. We built and use Mejorar Calidad de Imagen for Spanish-speaking users; recently, it helped us restore a damaged family photo and colorear fotos en blanco y negro, making an old memory feel alive again.

  26. A comprehensive Malay-language Islamic guide providing step-by-step instructions, clear Arabic text with Rumi transliterations, and translations for Tahlil ringkas, Doa Arwah, Solat Jenazah, Doa Selamat, and Ziarah Kubur.

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