04.11.2013

Google invests further EUR 450 million in Finland

Google to double the size of its Finnish data centre, bringing its total investment in Finland to EUR 800 million.

Google has announced that it is investing EUR 450 million to expand its data centre in Hamina, south-western Finland, bringing its total investment in the site to EUR 800 million. The planned expansion will double the surface area and capacity of the data centre, making it one of the largest data centres in Europe.

The data centre is located in a former paper mill which Google acquired from the Finnish company Stora Enso in 2009 for EUR 200 million. Google announced an additional EUR 150 million investment in the data centre in 2012.

Establishing roots in Finland

Google’s investment is one of the biggest direct investments into Finland, according to Finland’s prime minister Jyrki Katainen, who visited the data centre for the announcement. “These extensive investments also say something about Finland. We’re able to offer a competitive environment to international companies,” said Katainen. The Finnish government is planning to reduce the energy tax collected from companies investing in data storage, reducing their energy tax rate to the same level as other industrial companies.

According to Dieter Kern, manager of the data centre in Hamina, Google has been very warmly welcomed in Finland and been satisfied with the country’s strong infrastructure and positive environment for business. “Google is in Finland for the long term. We’re digging deep roots, both figuratively and in a concrete way,” said Kern during the announcement of the new investment.


Sources: Kauppalehti, Ilta-Sanomat, Bloomberg