Overview
Alphabet is acquiring Intersect, a data centre and energy infrastructure solutions provider, in a $4.75 billion cash deal plus debt assumption. This acquisition aims to address the growing energy demands of AI by expanding capacity and enhancing operational efficiency. Intersect, already a partner and minority stakeholder with Google, will continue to operate under its brand, with existing assets in Texas and California remaining independent. Key investors include TPG Rise Climate, Climate Adaptive Infrastructure, and Greenbelt Capital Partners.
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Investors: TPG Rise Climate, Climate Adaptive Infrastructure, Greenbelt Capital Partners
Alphabet is acquiring Intersect, a data centre and energy infrastructure solutions provider, in a $4.75 billion cash deal plus debt assumption. This acquisition aims to address the growing energy demands of AI by expanding capacity and enhancing operational efficiency. Intersect, already a partner and minority stakeholder with Google, will continue to operate under its brand, with existing assets in Texas and California remaining independent. Key investors include TPG Rise Climate, Climate Adaptive Infrastructure, and Greenbelt Capital Partners.