Workflow
NorthC
icon
Search documents
Deutsche Bank's Arm Plans Sale of NorthC Data Center Platform
ZACKS· 2025-09-18 18:00
Group 1 - Deutsche Bank AG's asset management arm, DWS, is preparing to sell its majority-owned data center platform, NorthC, for a potential valuation of over €2 billion [1][8] - NorthC was formed in 2020 through the merger of the Datacenter Group and NLDC, operating more than 20 regional, carrier-neutral sites across the Netherlands, Germany, and Switzerland [2] - The decision to sell follows NorthC's recent acquisition of six data centers in Germany and the Netherlands from Colt Technology Services, enhancing its European presence [3] Group 2 - DWS, managing about €1 trillion in assets, is reshaping its alternatives strategy due to challenges in attracting fresh inflows, shifting focus toward infrastructure investments [4] - The sale of NorthC aims to monetize a fast-growing digital infrastructure business amid booming demand in the European data center market, driven by artificial intelligence and cloud adoption [5] - The impending divestiture reflects DWS's strategic response to growing investor interest in digital infrastructure, allowing for improved fundraising prospects and redeployment into long-term growth projects [6] Group 3 - In the past six months, shares of Deutsche Bank have gained 44.5%, outperforming the industry's growth of 23% [7]