Bain Capital has forged an agreement to acquire an 80 percent stake in AQ Compute, the data center subsidiary of Aquila Group, a private investment company focused on sustainable assets.
Founded by Aquila Group in 2020, AQ Compute provides modular and AI-ready data center and colocation services, primarily powered by clean energy. With significant investment, the company launched its first sustainable data center near Oslo this year and has additional projects under way in Barcelona and Milan.
The strategic alliance between Bain Capital and Aquila Group, with a targeted multibillion-euro investment volume, aims to significantly accelerate AQ Compute’s plans to develop and operate sustainable data centers for hyperscale and AI customers across Europe. Together, the partners aim to build a leading European data center platform, utilizing clean energy wherever feasible.
“The European data center market presents an attractive deep supply/demand imbalance driven
