Prior notification of a concentration (Case M.12144 – ECHELON DC / IBERDROLA / CPD4GREEN CENTRO DE DATOS) – Candidate case for simplified procedure
Date: 2025-10-24
Institutions: Directorate-General for Competition, European Commission
Subjects: Spain, computer centre, data processing, economic concentration, electricity supply, energy production, information service, joint venture, merger control, renewable energy








C_202505758EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2025/5758


24.10.2025






Prior notification of a concentration
(Case M.12144 – ECHELON DC / IBERDROLA / CPD4GREEN CENTRO DE DATOS)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2025/5758)


1.   
On 17 October 2025, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:






—


Echelon DC Holdings Ltd (‘Echelon DC’, Ireland), controlled by Starwood Capital Group and Nimol Holdings Ltd,










—


Iberdrola Participaciones S.A.U. (‘Iberdrola’, Spain), controlled by Iberdrola, S.A.




Echelon DC and Iberdrola will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of a greenfield joint venture, CPD4Green Centro de Datos, S.L.U. (the ‘JV’).
The concentration is accomplished by way of purchase of shares in a newly created company constituting a joint venture.


2.   
The business activities of the undertakings concerned are the following:






—


Echelon DC develops and operates large-scale data centres for enterprises, cloud providers, and tech companies,










—


Iberdrola focuses on generating, distributing, and selling electricity, with a strong emphasis on renewable energy.






3.   

The business activities of the JV will be the following: the development and operation of several data centres throughout Spain.



4.   
On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.
Pursuant to the Commission Notice on a simplified treatment for certain concentrations under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings (2), it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.


5.   
The Commission invites interested third parties to submit their possible observations on the proposed concentration to the Commission.
Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:
M.12144 – ECHELON DC / IBERDROLA / CPD4GREEN CENTRO DE DATOS
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu

Postal address:





European Commission




Directorate-General for Competition




Merger Registry




1049 Bruxelles/Brussel




BELGIQUE/BELGIË







(1)  
            OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

(2)  
            OJ C 160, 5.5.2023, p. 1.


ELI: http://data.europa.eu/eli/C/2025/5758/oj
ISSN 1977-091X (electronic edition)