According to S&P Global Market Intelligence, more than 100 data center transactions took place during the period, with total deal value approaching $61 billion, surpassing last year’s record of $60.81 billion. The deals included mergers and acquisitions, asset sales, and equity investments.
Interest in data centers has intensified as tech giants and AI “hyperscalers” commit billions to expand infrastructure capable of supporting advanced AI workloads. Companies powering AI innovations have driven much of the gains in U.S. stock markets this year, although concerns over high valuations and debt-fueled spending have prompted questions about the pace at which these investments will generate profits.
Deal Trends by Region
Since 2019, data center dealmaking has totaled roughly $160 billion in the U.S. and Canada, with Asia-Pacific seeing nearly $40 billion in transactions and Europe accounting for $24.2 billion.
Industry Insight
“High interest comes from financial sponsors, which are attracted by the risk/reward profile of such assets. Private equity firms are eager buyers but are generally reluctant sellers, creating an environment where availability for sale of high-quality data center assets is scarce,” said Iuri Struta, TMT analyst at S&P Global Market Intelligence.
The record deal activity underscores the strategic importance of data centers in powering AI and cloud services, highlighting both the opportunities and competitive pressures in the rapidly evolving technology landscape.