YIT signs agreement with XTX Markets to build large-scale data centre in Kajaani

YIT signs agreement with XTX Markets to build large-scale data centre in Kajaani

YIT and XTX Markets have signed an agreement to construct a new large-scale data centre in Kajaani, Finland. The total value of the contract for YIT is approximately EUR 100 million. The project will be entered in YIT’s order book for the last quarter of 2024.

The agreed construction project will span approximately 15,000 m² and includes a data hall building on the campus area, the adjacent loading and office building for personnel and a maintenance building. The new data centre will be an impactful addition to Kajaani’s growing data centre ecosystem.

XTX Markets is a leading algorithmic trading firm which uses state-of-the-art machine learning technology to produce price forecasts for over 50,000 financial instruments. The firm chose Kajaani to construct its large-scale data centre to future-proof its significant computational capabilities. 

“We are delighted to sign this agreement and start this exciting data centre project in close cooperation with XTX Markets. This is the latest chapter of YIT’s strong experience of executing extensive industrial construction projects in Finland. Receiving a contract on a construction project of this scale from a large international firm is testament to our project management capabilities as well as our leading technical expertise. Overall, an investment of this scale from XTX Markets is a substantial boost to the local region of Kajaani and is further evidence of Finland’s excellent offering as an investment destination for large scale data centre projects”, stated Aleksi Laine, EVP of Infrastructure segment at YIT.

For further information:

YIT’s Corporate communications, tel. +358 44 743 7536, press@yit.fi

XTX Markets, Richard Hillary, richard.hillary@xtxmarkets.com

Distribution: Nasdaq Helsinki, major media, www.yitgroup.com

YIT is a leading construction and development company. Building on over 110 years of experience, we develop and build sustainable living environments: functional homes, future-proof public and commercial buildings, and infrastructure to support the green transition. We employ approximately 4,300 professionals in eight countries. Our revenue in 2023 was EUR 2.2 billion. YIT Corporation's shares are listed on Nasdaq Helsinki. 

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