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Azrieli Group Ltd's NIS 2.8 Billion Acquisition of Green Mountain, AS

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Posted: 1st November 2021 by
Lawyer Monthly
Last updated 1st November 2021
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Azrieli was assisted on the share capital acquisition by Barnea Jaffa Lande & Co Law Offices, who advised throughout the process.

Green Mountain has operated in the field of data centres since its incorporation in Norway in 2009. It specialises in the planning and construction of server farms, provision of advanced server farm services to organisations, and the efficient operation of server farms powered by 100% renewable energy. The company operates three server farms in Norway and has achieved an annual growth rate of roughly 50%. The acquisition is expected to increase Azrieli Group’s presence in the European data centres market.

Azrieli Group was also advised by Rothschild & Co for financial matters.

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