Belgian data center operator Datacenter United (DCU) has secured funding worth €120 million (US$ 140 million) enabling it to scale up its operations across the country. DCU currently operates with 13MW IT capacity plus potential 11.1MW expansion at existing sites.
The new financing deal provides DCU with flexible capital support to accelerate its ambitious growth and expansion plans. It follows DCU’s acquisition by Cordiant Digital Infrastructure (CORD) and TINC in March 2025. Since 2010, DCU has operated 14 data centers across 12 locations in Belgium. TINC first acquired a 75 percent stake in 2020 and Cordiant joined as an investor in 2023. In October 2024, DCU expanded further by acquiring four facilities from Belgian telco provider Proximus.
“The deal underlines DCU’s role in building secure, scalable infrastructure to support future digital and AI applications. Capacity upgrades are under way in Antwerp, Brussels, Zaventem, Ghent, Oostkamp, Mouscron, and Hasselt, with facilities being readied for high-density racks and AI workloads,” said Friso Haringsma, Managing Director of DCU. “With this financing, our broad distribution and our focus on sustainability and AI, we are strengthening the Belgian data center sector and preparing for the next generation of digital applications.”
In a press release, the company revealed that the five-year package deal was arranged between Belfius Bank, NIBC Bank and DNB banking consortium which includes a €50m term loan, €10m refinance in existing senior debt and repay €40m in shareholder loans. An undrawn €50m capex facility to fund expansion and acquisitions. A €20m revolving credit and ancillary facility for working capital and corporate purposes. An additional €50m accordion facility may be added.
As a result of loan repayments, shareholders will receive cash distributions. Cordiant holds 37.4 percent and will receive €15m ($17.6m), mainly to reduce its holding company debt. TINC, with 47.5 percent, will receive €19m ($22.3m) to pay down part of its €200m revolving credit facility.
The company is also betting big on sustainability initiatives such as solar panels and energy-efficient cooling systems. These installations bolster heat reuse projects in Antwerp, Evere, and Machelen to improve energy performance consistent with EU climate and accomplish sustainable energy targets by 2030.