Magnora has acquired Storespeed, a provider of sustainable Nordic data center solutions, for an undisclosed amount. This corporate acquisition sees Magnora taking full ownership of Storespeed, known for its green and scalable infrastructure tailored for the AI era. Storespeed delivers enterprise-grade colocation, cloud, and edge computing solutions with operations in Norway and Finland.
Storespeed's offerings include multi-MW infrastructure for high-performance computing (HPC), AI/ML, and enterprise workloads, featuring high-density capacity up to 80 kW per rack. A key differentiator is its commitment to sustainability, utilizing 100% renewable energy for its data centers and energy-efficient air cooling. The company also repurposes existing buildings and feeds excess heat into local grids, emphasizing an urban efficiency model. Its fiber-ready facilities are connected via dark fiber to global subsea hubs.
The acquisition is strategically significant for Magnora, positioning the company to capitalize on the rapidly growing demand for specialized infrastructure supporting artificial intelligence. Storespeed's expertise in bespoke high-density setups for AI training, inference, and colocation aligns with the increasing need for robust, low-latency, and energy-efficient computing platforms. This move is expected to create synergies by integrating Storespeed's advanced data center capabilities within Magnora's portfolio.
The combined entity will be well-placed to empower hyperscalers, investors, and AI innovators across the Nordic region. By leveraging Storespeed’s existing footprint in Finland and Norway and its rapid expansion plans, Magnora aims to strengthen its presence in the critical market for green, scalable AI infrastructure, addressing the complex requirements of modern digital economies.