3i Infrastructure will acquire a majority stake in a Norwegian data center.

Investing.com – 3i Infrastructure has agreed to invest approximately €300 million to acquire a majority stake in Lefdal Mine Datacenter, a data center campus located on the west coast of Norway.

The facility currently has an operational capacity of 37 MW serving its customer base, with an additional 43 MW of contracted capacity under construction. The data center operates under inflation-linked, availability-based contracts signed with financial institutions and government agencies.

LMD enhances efficiency through underground placement and closed-loop seawater cooling technology, benefiting from Norway’s low-cost electricity supply. Significant investments in hardware and customized infrastructure by clients support high client retention.

3i Infrastructure is acquiring LMD from a fund managed by Columbia Threadneedle, whose largest investors will co-invest with 3i Infrastructure. 3i Infrastructure will manage a total investment of approximately €400 million.

The deal includes a small portion of renewable energy assets, including three wind farms in Sweden and two hydroelectric assets in Italy, accounting for less than 10% of the total transaction value. The transaction is expected to close in summer 2026.

To provide flexibility while awaiting the sale of TCR for €1.14 billion and to time new investments, 3i Infrastructure has initiated an expandable portion of its revolving credit facility, increasing it from €300 million to £1.2 billion.

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