NxN buys first Portuguese data center, plans €100M investment
What's the deal? NxN DatacentersDealroom has a profile for this one. Try Dealroom → has acquired an operational data center in Évora, Portugal, marking its entry into the country. The facility has 1MW of installed and marketed capacity. Terms were undisclosed.
What's the endgame? NxN will fold the asset into its platform via NxN PortugalDealroom has a profile for this one. Try Dealroom → and use it as a base to expand. The company plans to invest up to €100 million ($113.5m) in Portugal over the next three years, though that sum is not tied to any specific project yet.
Why now? The Évora site sits along the route connecting Lisbon and Madrid, letting NxN add capacity on a key Iberian corridor. The deal follows data centers it announced earlier this year in Madrid and Valencia, deepening its presence in the peninsula.
What's being built? NxN pitches its platform as a network of hyperconnected data centers ready for artificial intelligence workloads. Designs adapt to different densities and cooling methods, including direct-to-chip and immersion cooling. It also targets clean energy and waterless cooling.
The signal: Portugal's data center market is expanding fast — ColliersDealroom has a profile for this one. Try Dealroom → counted more than 2.6GW of planned IT capacity in the first half of 2026. NxN's acquisition gives it a foothold as operators race to build AI-ready infrastructure across southern Europe.
Read more: datacenterdynamics.com
Image credit: Évora data center
