The modular data center construction industry in Benelux focuses on building efficient, prefabricated data centers that optimize space and energy use. Companies in this sector range from infrastructure specialists to innovative technology providers, all aiming to meet the rising demand for sustainable and scalable IT solutions. The industry is transitioning towards greener designs, largely due to increasing data consumption and environmental concerns. With advancements in automation and cooling technologies, modular data centers are becoming a go-to solution for businesses looking to balance performance, reliability, and eco-friendliness in their operations.


This article examines twelve prominent investors within the modular data center construction space across Benelux. Within this selection are private equity firms, corporate investors, and venture capital groups, all significantly contributing to the industry’s expansion. Spanning a range of sizes and strategies, these investors include Mutares Benelux, founded in 2021 and active in multiple sectors, alongside seasoned firms such as Parcom Capital, operational since 1982. Their varied numbers of 2024 investments reflect an ongoing trend towards capitalizing on growing tech demands.


Top 12 Modular Data Center Construction Investors in Benelux


1. Mutares Benelux

  • Website: mutares.com
  • Type: Private Equity
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2021
  • Headcount: 51-200
  • Number of deals in 2024: 16
  • LinkedIn: mutares-benelux

Mutares Benelux, a private equity firm based in Amsterdam, specializes in acquiring and managing companies in transition across various sectors, including automotive, technology, and retail. Founded in 2021, the firm has quickly established itself with 16 investments in 2024 alone. Notably, Mutares has made significant strides in the modular construction sector with its acquisition of Byldis, a company known for its modular construction expertise. This acquisition, announced on October 30, 2023, positions Mutares to leverage Byldis' capabilities in modular construction, which is highly relevant to the modular data center industry. Other transactions, such as the acquisition of Sirti Energia, while focused on energy infrastructure, demonstrate Mutares' broader interest in sectors that intersect with technology and construction, further supporting their potential relevance in the modular data center space.


2. Marguerite


Marguerite is an infrastructure investment firm based in Luxembourg, founded in 2010, specializing in sustainable investments across Europe. The firm focuses on funding initiatives that address climate change and promote economic growth through renewable energy and infrastructure projects. Marguerite's clients include institutional investors seeking to align their portfolios with environmental and social governance principles. Notably, Marguerite has been involved in significant transactions such as the acquisition of Conapto AB, a Swedish colocation provider, which highlights their engagement in the data center sector. Additionally, they have invested in various renewable energy projects, including offshore wind farms and waste-to-energy facilities, demonstrating their commitment to sustainable infrastructure. Their investment in Conapto AB is particularly relevant as it positions them within the modular data center construction context, showcasing their interest in the growing data center market.


3. Parcom Capital

  • Website: parcomcapital.com
  • Type: Corporate
  • Headquarters: Schiphol, North Holland, Netherlands
  • Founded year: 1982
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: parcom-capital

Parcom Capital is a corporate investment firm based in Schiphol, North Holland, Netherlands, founded in 1982. The firm specializes in private equity, focusing on unlocking the potential of businesses through investment management and strategic support. Parcom partners with companies across multiple sectors to facilitate sustainable growth and transformation. Notably, Parcom Capital has been involved in significant transactions such as the investment in Interxion, a leading provider of data center services, which raised funds in 2007. Additionally, they invested in Jan Snel in 2016, a company known for modular construction solutions, which aligns with the modular data center construction context. Their acquisition of STAR Group in 2011 and GustoMSC in 2012 further showcases their active role in diverse industries, including those that intersect with modular construction and data centers.


4. VDL Groep

  • Website: vdlgroep.com
  • Type: Corporate
  • Headquarters: Eindhoven, North Brabant, Netherlands
  • Founded year: 1953
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: vdl-groep

VDL Groep is a prominent industrial manufacturer based in Eindhoven, Netherlands, specializing in transportation solutions, automation systems, and food processing equipment. Founded in 1953, the company has a strong focus on collaboration and craftsmanship, serving various sectors including public transport, automotive, and food processing. In 2023, VDL Groep announced its intention to fully acquire De Meeuw, a company specializing in flexible and modular housing, in which it already held a 50% stake since 2015. This acquisition aims to strengthen VDL's position in the modular housing market, which has significant growth potential. While VDL Groep has a diverse portfolio, this strategic move into modular housing indicates a potential alignment with modular construction methodologies relevant to data centers.


5. Penta Infra

  • Website: penta-infra.com
  • Type: Private Equity
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2015
  • Headcount: 51-200
  • Number of deals in 2024: 1
  • LinkedIn: penta-infra

Penta Infra is a private equity firm based in Amsterdam, Netherlands, founded in 2015. The firm specializes in data center operations, focusing on colocation and network services across Europe. Penta Infra is committed to providing reliable and scalable data solutions, emphasizing high-performance and low-latency connectivity. They have made significant strides in the data center market, as evidenced by their recent transactions. In March 2020, they acquired DataCenter Fryslân, a colocation provider in the Netherlands, enhancing their service offerings in the region. More recently, in June 2024, Penta Infra, in partnership with Photon Capital, acquired the newly-built Nexus data centre campus in Brussels. These strategic acquisitions reflect their dedication to meeting the growing demands of the digital economy while maintaining a commitment to sustainability.


6. Redline Capital Management


Redline Capital Management S.A. is a venture capital firm based in Luxembourg, founded in 2014. The firm specializes in investing in fast-growing companies across various technology sectors, including cybersecurity, artificial intelligence, and life sciences. Notably, Redline has participated in significant funding rounds for Innovium, a provider of networking solutions specifically designed for data centers, which raised substantial amounts in Series D and Series E funding. These investments are aimed at enhancing data center infrastructure, showcasing Redline's engagement in the technology that underpins modular data centers. Additionally, Redline has invested in proteanTecs, a company focused on advanced technology for data centers, further emphasizing their interest in this sector. Redline Capital Management supports entrepreneurs by providing capital and strategic guidance, operating primarily in North America, Europe, and Israel.


7. Bitfury

  • Website: bitfury.com
  • Type: Corporate
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2011
  • Headcount: 501-1000
  • LinkedIn: bitfury

Bitfury Group is a technology company founded in 2011, based in Amsterdam, Netherlands, specializing in blockchain solutions, high-performance computing, and digital assets infrastructure. They provide a range of services to businesses, organizations, and governments, helping them integrate blockchain technology into their operations. Notably, Bitfury has been involved in significant transactions that align with the modular data center construction industry. In March 2021, they acquired Allied Control, a Hong Kong-based immersion cooling company, to enhance the efficiency of their data centers and expand their market reach. This acquisition aims to leverage Allied Control's technology for improved energy efficiency and faster deployment of Bitfury's ASIC chips. Additionally, Bitfury participated in a $425 million post-IPO equity raise for Cipher Mining in August 2021, further solidifying their investment in the digital asset infrastructure space. Their offerings include software solutions like Exonum and hardware products specifically designed for data centers, positioning them as a key player in the modular data center construction sector.


8. AMAVI Capital

  • Website: amavi.capital
  • Type: Venture Capital
  • Headquarters: Nazareth, Flanders, Belgium
  • Founded year: 2020
  • Headcount: 11-50
  • Number of deals in 2024: 3
  • LinkedIn: amavi-capital

AMAVI Capital is a venture capital firm based in Nazareth, Flanders, Belgium, founded in 2020. The firm specializes in investing in businesses that are radically reshaping the built world, with a strong focus on PropTech and ClimateTech. They aim to connect traditional real estate leaders with innovative startups, creating strategic opportunities for growth. Notable transactions include a €1M investment in Finch Buildings, a sustainable building company, which highlights their commitment to innovative construction solutions. Additionally, their co-lead investment in Cintoo, which raised over $40 million in Series B funding, showcases their interest in cloud-based reality data solutions for the construction industry. Their participation in Leko Labs, which focuses on robotics construction, further emphasizes their alignment with modern construction technologies. These investments reflect AMAVI Capital's strategic focus on sectors that intersect with modular data center construction.


9. Exor N.V.

  • Website: exor.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 26
  • LinkedIn: exor_2

Exor N.V. is a holding company based in Amsterdam, Netherlands, founded in 2009. It operates across various sectors, including automotive, healthcare, and media, and manages a diverse portfolio of companies such as Ferrari, Stellantis, and Philips. Exor focuses on enhancing value through strategic investments and operational support. In recent years, Exor has made significant investments in companies relevant to the modular data center construction industry. For instance, it participated in funding rounds for Crusoe Energy Systems, which raised substantial capital to develop large-scale Bitcoin mining and cloud computing infrastructure. Additionally, Exor Ventures invested in DustPhotonics, a company that is scaling production of high-speed data transmission products, which are essential for modern data centers. These transactions highlight Exor's engagement in sectors that support the growth and development of modular data centers.


10. Aermont Capital

  • Website: aermont.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 2007
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: aermont-capital-llp

Aermont Capital is a private equity firm based in Luxembourg, founded in 2007, specializing in real estate investments. The firm manages large, complex investment funds for institutional investors, including pension plans and sovereign wealth funds. Aermont employs a proactive operator-oriented approach to create long-term value through strategic real estate investments across major European cities. Recently, Aermont Capital submitted the highest binding offer for Nabiax, a Spanish data center operator, indicating a significant interest in the data center sector. This acquisition, valued at around $1 billion, highlights Aermont's commitment to expanding its portfolio in the technology infrastructure space, particularly in modular data centers. Additionally, Aermont has acquired a majority stake in Birch Ejendomme, a leading real estate developer in Denmark, further solidifying its position in the European real estate market.


11. Capricorn Partners


Capricorn Partners is a venture capital firm based in Leuven, Flanders, Belgium, founded in 1993. The firm specializes in venture capital, growth capital, and quoted equity funds, focusing on innovative companies across various sectors, including digital technologies, health, and clean technologies. They are committed to responsible investing, aiming to create both financial returns and strategic value for their clients. Notably, Capricorn Partners has been involved in significant transactions relevant to the modular data center construction context, such as their investment in Innovium, a provider of networking solutions for data centers, which raised $170 million in funding. This investment highlights their interest in technologies that support data center infrastructure. Additionally, their earlier investment in CoreOptics, which raised $25 million, further demonstrates their engagement in the tech sector that could intersect with data center operations. Overall, Capricorn Partners' focus on innovative technologies positions them as a potential investor in the modular data center construction industry.


12. Gilde Buy Out Partners


Gilde Buy Out Partners is a private equity firm based in Utrecht, Netherlands, founded in 1982. The firm specializes in investment management and business transformation services, focusing on providing growth solutions to mid-market businesses across Europe. Gilde has been involved in various transactions that highlight their strategic approach to enhancing operations and market presence. Notably, they acquired De Boer Structures, a company that specializes in temporary facilities and accommodation, which aligns with the modular construction sector. This acquisition, announced on May 23, 2017, demonstrates Gilde's interest in companies that provide flexible and scalable infrastructure solutions. Additionally, their acquisition of Powerlines Group, a technical infrastructure services company, further showcases their engagement in sectors that may intersect with modular data center construction. Through these transactions, Gilde Buy Out Partners has positioned itself as a player in industries that could support modular data center initiatives.



Modular Data Center Construction Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
Mutares BeneluxAmsterdam, North Holland, Netherlands51-200202116
MargueriteLuxembourg11-5020100
Parcom CapitalSchiphol, North Holland, Netherlands11-5019821
VDL GroepEindhoven, North Brabant, Netherlands10001+19531
Penta InfraAmsterdam, North Holland, Netherlands51-20020151
Redline Capital ManagementLuxembourg1-1020140
BitfuryAmsterdam, North Holland, Netherlands501-100020110
AMAVI CapitalNazareth, Flanders, Belgium11-5020203
Exor N.V.Amsterdam, North Holland, Netherlands11-50200926
Aermont CapitalLuxembourg11-5020071
Capricorn PartnersLeuven, Flanders, Belgium11-5019935
Gilde Buy Out PartnersUtrecht, Utrecht, Netherlands11-5019820


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