Oslo-listed Magnora Data Center has acquired an operating data centre in the Norwegian capital from an unnamed international telecoms operator, in partnership with colocation provider Blix Group. The 2MW facility is the third site in the company’s plan to build a network of connected urban data centres across greater Oslo.
The deal
Announced on 20 October, the acquisition gives Magnora Data Center (MDATA) a 75% stake in the site, with Blix holding the remaining 25%. Financial terms were not disclosed.
- Size: about 1,400 square metres with up to 2MW of IT load.
- Resilience: the company says the site can be upgraded to EN 50600 Availability Class 3, equivalent to Tier III.
- Connectivity: already linked to existing fibre networks; Blix will connect it to its own fibre ring, joining it to other MDATA and Blix sites in Oslo.
- Heat: a district-heating offtaker for the site’s full heat output is being evaluated.
Chairman Erik Sneve said in the company statement that “taking over an operating facility gives us a fast track to revenue”, and described the site as suited to customers wanting low latency, high availability and data kept in Norway.
Context: from renewables to data centres
Magnora, founded in 2001, became a dedicated renewable energy investor in 2018 and moved into data centres in 2025. It spun off Magnora Data Center as a separately listed company in June 2026; the parent retains a 52% stake. MDATA has one facility in operation in Norway and further projects in development in Norway, Estonia, Finland and Italy.
The Oslo deal builds on a 50:50 joint venture agreed with Blix in August, under which the partners bought a commercial property in the Oslo area to develop as an AI data centre. Blix, founded in 2008, offers colocation in Oslo, Stockholm, Copenhagen, London, Amsterdam and New York, according to DatacenterDynamics.
Why it matters for modular and edge in Europe
Much of Europe’s data-centre headline activity involves hundred-megawatt campuses in remote, power-rich locations. Magnora’s metro strategy points the other way: small, well-connected sites inside the city, linked by fibre so they can be sold as a single distributed platform. That is effectively a regional edge model, aimed at latency-sensitive and data-residency-conscious customers rather than large AI training clusters.
Buying existing telecom-owned buildings is a well-established shortcut in that segment. Power connections, permits and fibre are already in place, which can be decisive in cities where new grid capacity takes years to secure. Such sites are also natural candidates for modular upgrades, with prefabricated power, cooling or containerised capacity used to raise density without a full rebuild. As telecom operators continue to sell non-core property, similar small-site deals are likely to remain a feature of the Nordic and wider European market.
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