BlackRock Inc. has agreed to invest up to €2 billion ($2.33 billion) to form a data center venture in partnership with Spanish engineering firm ACS SA.
This strategic collaboration aims to combine BlackRock’s financial strength with ACS’s engineering expertise to develop state-of-the-art data center facilities. The joint venture is expected to significantly enhance infrastructure capabilities and meet growing demand in the data center market.
https://www.bloomberg.com/news/articles/2025-11-14/blackrock-to-pay-up-to-2-billion-to-acs-to-form-data-center-jv