Vinci: Cobra IS secures €165M to cool Iberian data center campus
The group announced on October 20, 2026 the award to Cobra IS of the construction of a cooling facility intended for a vast data center campus in the Iberian Peninsula. Cobra IS indicated it is competing for other phases of this same campus, whose total value reaches several billion euros.
A cooling facility for 200 MW of computing capacity
The contract covers the construction of a cooling facility for a major data center campus located in the Iberian Peninsula. It includes the implementation of mechanical, electrical and plumbing installations for 126 dry air coolers.
These equipment must cool the equivalent of 200 MW of computing capacity. According to VINCI, they will play a decisive role in ensuring the campus's continuous operation.
€165M for an initial package, further phases under tender
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The contract value stands at 165 million euros, corresponding to the cooling facility awarded to Cobra IS.
Cobra IS is currently participating in calls for tenders concerning the following phases of this campus. The entire project represents, according to the press release, several billion euros.
Digital infrastructure: €7bn in revenue in 2025
VINCI is integrating this contract into its strategy on the digital infrastructure market, which generated 7 billion euros in revenue for the group in 2025. The group describes this market as experiencing strong growth, driven by demand related to artificial intelligence.
VINCI indicates it aims for a leading role in this segment, particularly in France and certain Asian countries. On October 15, 2026, VINCI announced the completion of the acquisition of All for One by VINCI Energies, which now holds 87.33% of its capital, an operation associated with the Axians brand and focused on digital infrastructure services.
SectorConstruction et infrastructures›BTP / infrastructures
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Context
Period
Period: S1 2026
Key reported figures
Revenue: 35 597 millions d'euros
Quarterly revenue: 35 597 millions d'euros
EBITDA: 6 405 millions d'euros
EBITDA margin: 18 %
Net income: 2 078 millions d'euros
Free cash flow: 264 millions d'euros
22 450 millions d'euros
Guidance from the release
une nouvelle progression de son chiffre d'affaires, de ses résultats opérationnels et de son résultat net part du Groupe ; un cash-flow libre qui pourrait atteindre 6 milliards d'euros
Outlook / guidance
Management commentary: une nouvelle progression de son chiffre d'affaires, de ses résultats opérationnels et de son résultat net part du Groupe ; un cash-flow libre qui pourrait atteindre 6 milliards d'euros
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