Belgian infrastructure investment firm TINC is reportedly looking to divest its stake in local data center firm Datacenter United.
De Tijd reports TINC is looking to sell its 75 percent stake in DC United, and has tapped ING as an advisor. The remainder of the company is owned by DC United CEO Friso Haringsma.
TINC CEO Manu Vandenbulcke told the publication he 'cannot comment on rumors about the portfolio companies.'
DC United currently has eight facilities in operation with a ninth in development.
According to De Tijd, DC United generates €12 million ($13m) in turnover and €5m ($5.4m) in EBITDA, and a sale could be valued at around €100m ($108.6m). Interested buyers may include infrastructure firms or rival data center companies, the report said.
TINC acquired a majority stake in DC United in early 2020. Founded in 2011, at the time the colocation firm had three facilities in operation across Antwerp (x2) and Brussels.
In 2022, DC United acquired local operator DC Star, adding three facilities in Gent, Burcht, and Oostkamp totaling 6.5MW. Last year, it acquired Hasselt DC, taking over two Limburg-based data centers totaling 460 racks and 900kW.
In May 2023, plans for a new data center in the city of Kortrijk were announced, and work has begun. Details on project specifications or timelines weren’t shared.
Founded in 2007, TINC’s investments include roads, real estate, and wind and solar farms; its other digital infrastructure investments include French fiber company NGE Fibre and Dutch fiber firm GlasDraad.
Existing Belgian operators include Proximus and LCL, while KevlinX is looking to develop a large facility in Brussels. Proximus has previously been reported as looking at a potential sale of its data center unit.