Turner Advances Plans to Become a Data Center Developer

Turner Building Co., the most important U.S.-based constructing contractor, is off to a great begin in 2025, pumping earnings into its company mum or dad, ACS Group, within the first quarter of 2025 and advancing plans to capitalize on its expertise setting up information facilities to change into a developer.

Juan Santa Maria, CEO of the Madrid-based mum or dad, advised analysts at a Could 13 earnings conference call that the info middle improvement plan introduced final yr was transferring ahead. It includes Turner forming a 50% partnership to develop “from scratch” land and acquire permits and connections with the intention to lease information facilities to “hyperscalers,” he mentioned.

To this point Turner has $568 million invested within the enterprise, with the method of forming the partnership “nonetheless ongoing,” mentioned Santa Maria, “however till now, all [details of obtaining a partner are] very confidential.”

Hyperscalers of cloud computing companies usually embrace firms corresponding to Amazon, Microsoft and Google and people with cloud-based companies that contain synthetic intelligence.

ACS is majority proprietor of Hochtief, the Essen, Germany-based contractor that owns Turner, which ranks once more as No. 1 on the ENR Top 400 Contractors checklist, and figures prominently within the mum or dad’s monetary image.

Turner recorded $199 million in pretax revenue on income of $6.6 billion in its newest quarter, up 62.3% and 45.2%, respectively, from the identical quarter final yr, mentioned ACS Group. Development in its present enterprise constructing information facilities, well being care, sports activities and academic amenities offered a lot of the revenue and income, the agency mentioned. Turner’s 2024 acquisition of Irish electrical and mechanical engineer Dornan Engineering additionally added to the monetary excellent news.

Turner’s revenue margin elevated 3%, reflecting the corporate’s “profitable technique centered on superior know-how initiatives,” ACS Group famous in its monetary report.

Final July, ACS Group announced it was integrating its North American civil engineering and building companies by combining the Dragados unit with Flatiron Building right into a single operation.