Oslo, Norway, October 6, 2025- Magnora ASA has announced its entry into the Norwegian data centre market through the acquisition of a majority stake in Storespeed AS, a Norwegian data centre operator. This strategic investment, in partnership with Blix Group AS, positions Magnora to capitalize on the growing demand for artificial intelligence (AI) and digital infrastructure.
Storespeed operates a co-location data centre in Halden, Norway, with an installed capacity of approximately 1 MW and significant potential for expansion up to 5 MW at its existing premises. Following the transaction, Magnora will own 75% of the company, Blix Group 5%, and the founders and existing shareholders will retain 20%.
“Local data centre operators such as Storespeed play a critical role in providing redundancy, sovereign cloud capabilities, and local physical presence, enabling secure, low-latency alternatives to global cloud providers,” said Mr. Erling Magnus Solheim, head of data centre, Magnora Norway.
This acquisition aligns with Magnora's asset-light strategy, focusing on developing and selling projects at or before the ready-to-build stage.
“The transaction strengthens Magnora’s position as a developer of data centre-ready properties and supports collaboration with landowners, partners, and customers. The business provides strong synergies with Magnora’s existing portfolio of land assets suited for both green electrification and data centre development. Magnora’s expertise in real estate, site development, environmental permitting, grid connection, and project execution will be key to advancing its ambitions in this sector. Storespeed represents a strategic step in Magnora’s evolution as a data centre developer,” said Mr. Erik Sneve, Magnora CEO
The partnership with Blix Group AS, a sustainable Norwegian data centre operator, further underscores Magnora's commitment to sustainable and scalable data centre solutions. This move marks a significant step in Magnora's expansion into the rapidly growing data centre industry, driven by increasing demand from AI and digital infrastructure sectors.
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