I noticed this update from GRK:
Yesterday’s news boosted construction companies more broadly, but based on the update and the list of partner companies published by Google (which included KSBR), there is a good probability that this could lead to quite concrete work for GRK. As a signal, the news is certainly positive for the entire sector, and data center construction may now, at least in the initial phase, support construction as a whole more strongly than we outlined in last week’s article.Here are our company-specific comments on GRK from the article:
“GRK is, to our understanding, a relatively recent player in data center construction, having strengthened its segment expertise and exposure through, among other things, the KSBR acquisition completed in the summer. The company previously announced that it is involved in carrying out a EUR 66 million data center contract for a technology company in Finland. Based on discussions with management, we estimate that the company is involved in the construction of several other data centers, although we assume these other projects are smaller in scale than the announced project. Overall, we believe that data center construction already forms a relatively significant part of GRK’s current order book (Q2/26 order book EUR 1.2 billion). Like Kreate, GRK’s work is related to the early phase of the data center project, i.e., earthworks, foundation engineering, and site infrastructure. Given GRK’s still modest market share, we see potential for the company to increase its exposure from current levels. In addition, the Power business established by the company in 2025 offers the potential to expand its role in data center projects from earthworks to grid connections as well.”
I cannot yet say at this stage whether the EUR 66 million contract announced in August is related to this investment.