Brookfield to invest $10 billion in Swedish AI infrastructure

STOCKHOLM - Brookfield Asset Management (market capitalization: $89.28 billion) has announced a significant investment of up to $10 billion to support the development of artificial intelligence infrastructure in Sweden. This move aligns with the company’s strategy to expand its AI investments in Europe and strengthen its partnership with Swedish government entities, academia, and local businesses. According to InvestingPro data, Brookfield maintains a strong financial health score and has demonstrated consistent revenue growth of 7.32% over the last twelve months.

The investment will focus on establishing a new, expansive AI center in Strängnäs, which is poised to become a key strategic asset in Sweden’s national AI strategy. Brookfield has confirmed plans to sign a land allocation agreement for approximately 350,000 square meters, enabling the data center’s capacity to surge from 300MW to 750MW.

This initiative is expected to generate over 1,000 new permanent jobs and an additional 2,000 jobs during the 10-15 year construction period. The Strängnäs facility will be the first of its kind in Sweden and among the first in Europe to advance sovereign compute capabilities for public services and private enterprises.

Sikander Rashid, Head of Europe at Brookfield, emphasized the importance of investing in AI infrastructure to enhance economic productivity and competitiveness. "Today marks another important step for boosting sovereign compute capabilities for both public services and private enterprises in Europe," Rashid stated.

Brookfield, a global investor with more than €100 billion invested in digital infrastructure, renewable power, and semiconductor manufacturing, has been active in Sweden since 2018. The company’s Swedish portfolio includes telecom towers, renewable power, social infrastructure, and logistics assets. With a return on equity of 27% and a beta of 1.87, InvestingPro analysis indicates the stock exhibits higher volatility than the market while maintaining strong profitability metrics. For detailed insights and additional ProTips, investors can access the comprehensive Pro Research Report available on InvestingPro.

Earlier this year, Brookfield announced a €20 billion infrastructure investment program in France, including a €10 billion investment into the country’s first AI factory, set to be Europe’s largest AI infrastructure cluster with 1GW of new capacity.

Brookfield Asset Management, headquartered in New York, manages over $1 trillion in assets across various sectors. The company’s investments are focused on real assets and essential service businesses that are integral to the global economy. Trading at a P/E ratio of 42.95, the stock currently appears to be trading above its Fair Value according to InvestingPro metrics, which offers comprehensive valuation analysis and additional financial insights through its Pro Research Reports covering over 1,400 US equities.

This announcement is based on a press release statement and contains forward-looking information. While Brookfield’s management believes the statements are based on reasonable estimates and assumptions, future events could differ materially from what is currently anticipated.

In other recent news, Brookfield Asset Management reported record earnings for the first quarter of 2025, with a 26% increase in fee-related earnings, reaching $698 million. The company’s distributable earnings rose by 20% year-over-year to $654 million, highlighting robust financial performance. Brookfield also raised $25 billion across its flagship strategies, further expanding its global footprint with fee-bearing capital now at $549 billion. Additionally, Brookfield is planning to secure approximately $3 billion in debt financing for its acquisition of Colonial Enterprises, the operator of the Colonial Pipeline, with Morgan Stanley leading the financing efforts. This acquisition is expected to close in the second half of 2025, representing a $9 billion enterprise value. Brookfield’s strategic initiatives include a focus on high-growth areas such as private credit and structured investments, aiming to raise between $80 billion and $90 billion in 2025. The company is optimistic about leveraging market dislocations for strategic acquisitions and investments. Furthermore, Brookfield has increased its ownership stake in Oaktree by 1.5%, now holding approximately 74%, which underscores its long-term commitment to the partnership.

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