Belgian ICT firm NRB Group has acquired Belgian IT services company Win and its data center subsidiary Wallonia Data Center.

The company this week announced it had acquired Win and its subsidiary Wallonia Data Center (WDC) from Enodia-owned telco Nethys.

The deal, reportedly valued at around €50 million ($53.6m), should be completed before the end of the second quarter of 2023.

“WIN and NRB are strategically complementary. The collaboration of the two companies will create a solid player to accelerate digital transformation,” Henri Thonnart, CEO of the NRB Group.

The Wallonia Data Center, located on Rue de la Science Villers-le-Bouillet, is a Tier III-quality carrier-neutral data center located in Belgium offering 1,300 sqm (14,000 sq ft) of space. The company has installed 1,800 on-site photovoltaic panels, which cover around 10 percent of the site’s electricity consumption.

WDC was acquired by Win in 2013. NRB previously partnered with Etix Everywhere for a Belgian data center in Villers-le-Bouillet on the opposite side of Rue de la Science.

Founded in 1987 as the shared IT department and data center of Belgian insurer Ethias and a number of utility companies, NRB offers consultancy, software, cloud, and managed services via a number of brands. The company’s main site in Herstal near Liège includes three data centers in separate buildings, the last of which was built in 2010.

Nethys has mandated the bank Degroof Petercam to carry out the sale.