Data center firm Edged may be on the market for a buyer.
Citing people with knowledge of the matter, Bloomberg reports Koch Inc. is considering a sale of Edged in a deal that could be valued at up to $15 billion.
Koch, which cofounded Edged, has reportedly engaged Goldman Sachs to assess buyer interest and has received multiple bids. Details of any potential buyers weren’t shared.
Discussions remain ongoing, and no final agreement has been reached.
None of the above companies provided comment to Bloomberg about the news.
Formerly known as Edged Energy, Edged is part of Endeavour, which was set up by Aligned founder Jakob Carnemark. Edged is also a portfolio company of Koch Real Estate Investments, according to Koch Inc.’s website.
Edged has data centers either operating or in development in Bilbao, Madrid, and Barcelona in Spain; Lisbon, Portugal; and across the US, including Missouri, Arizona, Texas, Georgia, Iowa, Ohio, Pennsylvania, and Illinois.
Endeavour has a number of power and cooling-related ventures supporting data centers as well as electric vehicles. These include ThermalWork and its cooling tech, a power division called TurboCell, and a hydrogen production system called Pact.
Founded in 1940, Koch Inc. is a US-based multinational conglomerate. Owned by the billionaire Koch family, it is one of the largest privately held companies in the US and globally.
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