At what enterprise value was NOSTRUM GROUP acquired in 2026?

You can find the full valuation details of NOSTRUM GROUP on mynth capital. The transaction's Enterprise Value is estimated to be in the range of 100M - 350M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.4x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of NOSTRUM GROUP when it was acquired by IREN?

The exact EV/EBITDA multiple for NOSTRUM GROUP is available on mynth capital. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.4x. Join our community for free to access full valuation data and industry trends.

When was NOSTRUM GROUP acquired by IREN?

NOSTRUM GROUP was acquired by IREN in 2026.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the NOSTRUM GROUP acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the NOSTRUM GROUP deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://iren.com/resources/news/nostrum-announcement

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Home Database TMT (Tech, Media, Telecom)NOSTRUM GROUP

05/2026

NOSTRUM GROUP acquired by IREN

SPAIN IT Services / Infrastructure & Cloud / Hosting / Datacenter EV 100M - 350M EUR

Context

The acquisition of Nostrum Group by IREN Limited is a strategic move that will enable the company to expand its footprint in Europe and add significant development, engineering, construction, and operations capability in support of its global AI Cloud Services strategy. The transaction is subject to the satisfaction of certain closing conditions and is expected to be completed in the near future. The acquisition will provide IREN Limited with access to Nostrum Group's high-quality data center assets in Spain, including approximately 490MW of power capacity, as well as a pipeline of additional development projects. The combination of IREN Limited's global AI Cloud Services platform and Nostrum Group's local expertise and capabilities is expected to create a unique and compelling offering for clients in Europe. The acquisition will also enable IREN Limited to accelerate its growth plans and expand its presence in the European market, which is expected to be a key driver of growth for the company in the coming years. The transaction is a testament to the attractiveness of the Spanish market for data center development and the growing demand for digital infrastructure in Europe. The acquisition of Nostrum Group by IREN Limited is expected to have a positive impact on the company's financial performance and will provide a strong foundation for future growth and expansion.

NOSTRUM GROUP, which reported an EBITDA margin of LOGIN in 2026, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.4x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Nostrum Group, formerly known as Ingenostrum, S.L., is a Spanish data center developer that has evolved from an engineering company operating in the renewable energy sector. Founded in 2009, the company has built a solid experience in the field and has undergone significant transformations, including a rebranding in 2025. With the support of Andera Partners as a strategic and financial partner since 2023, Nostrum Group has professionalized and obtained the necessary financial backing to valorize its project portfolio. The company has grown significantly under the leadership of its founder and executive president, Santiago Rodríguez Agúndez, and has become a leading platform in the development, construction, and operation of data centers in Europe. Nostrum Group's business model focuses on providing reliable, scalable, and sustainable solutions for its clients, and its expertise in renewable energy has enabled it to develop data centers that are powered by clean energy sources. The company's mission is to provide high-quality data center services that meet the growing demand for digital infrastructure in Europe.

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REFERENCES

Valuation range: EV 100M - 350M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of NOSTRUM GROUP by IREN are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Acquirer: iren