Frankfurt-based Northern Data builds and offers infrastructure solutions for High-Performance Computing (HPC) applications. In a recent development, Northern Data announced the acquisition of Decentric Europe from Block.one in a €365M deal. Northern Data will also acquire all of Decentric’s GPU hardware.
The acquisition involves a €195M cash deal – to be paid within 12 months – as well as an approx €170M in new shares (2.3 million shares). Block.one will now hold an interest of approx 18.2 per cent in Northern Data.