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Peab has been commissioned to construct the data center FIN04A in Kouvola. The customer is atNorth and the order is valued at EUR 130 million, which is equivalent to SEK 1,440 million.

Scope

The project entails the construction of a new data center building and related construction and infrastructure work. Furthermore, the data center must meet high demands on accessibility, energy efficiency and reliable technology.

“We’re very pleased to initiate collaboration with atNorth within the framework of the FIN04A project. Also, the construction of data centers requires robust project management, technical expertise, and close collaboration between different parties. Furthermore, this project strengthens Peab’s position as an implementer of demanding technical construction projects in Finland,” stated Marko Rinkinen, Head of Operations in Peab Finland.

“We’re very pleased with our collaboration with Peab on the FIN04A project. Moreover, Kouvola provides an excellent foundation for long-lasting and responsible data center operations and Peab’s local presence combined with experience in demanding projects supports our goal of realizing an energy-efficient and highly accessible data center as part of our broader growth strategy,” stated Toni Germano, Director of Delivery, atNorth.

Moreover, this project showcases Finland’s efforts to develop computing infrastructure. Foreign companies such as Google are also gearing up efforts to develop data centers in the country. Additionally, such projects are expected to impact positively Finland’s digital economy and create jobs during construction and operational phases.

Timeline

The project has already begun and is expected to be finished in the summer of 2027.

Additionally, the project will be order registered in business area Construction in the second quarter 2026.

Project Factsheet

Project Name: FIN04A Data Center

Operator / Client: atNorth (Nordic colocation, high-performance computing, and AI service provider)

General Contractor: Peab Finland

Location: Lossitie 19, Myllykoski, City of Kouvola, Finland

Project Status: Construction is actively underway (Peab’s primary building contract was formally registered in Q2 2026).

Expected Completion: Summer 2027

Construction Contract Value: EUR 130 million (SEK 1,440 million) awarded to Peab for the building, infrastructure, and technical integration.

Campus Site Area: Situated on a 21-hectare plot in a region highly valued for its robust, forest-industry-grade power grid.

Target Audience: Built specifically to host high-performance computing (HPC), artificial intelligence (AI) factories, hyperscalers, and large enterprise colocation workloads.

Power Capacity: Initial operational phase brings 30 MW to 60 MW of immediate power online, with a fully approved campus trajectory scaled up to 430 MW (plus additional pathing for future expansions).

Connectivity: Carrier-neutral facility hosting multiple independent fiber providers. Also, it features dual diverse fiber entry points and two dedicated Meet-Me Rooms (MMRs) delivering ultra-low latency (less than 18 milliseconds) to major European digital hubs.