From sockets to data centres: the European industrial groups powering the AI boom

From sockets to data centres: the European industrial groups powering the AI boom

Electrical equipment makers including ABB and Legrand are surging thanks to a pivot to data centre infrastructure

Europe industrial giants soar €150bn on AI data center boom

Four of Europe’s longest-standing industrial groups, ABB, Legrand, Siemens AG, and Schneider Electric, have added over €150 billion in market value, thanks to the boom in demand for data centers driven by the rise of artificial intelligence. Once primarily known for electrical equipment, these firms have successfully pivoted to supplying critical components such as power systems, cooling solutions, and server cabinets, capitalizing on the rapid …

Shift in revenue mix powers Datatec profits higher - TechCentral

AI workloads have fuelled demand for products that businesses in the Datatec group provide, boosting profitability.