Alphabet acquires data center company Intersect for $4.75 billion

Google parent Alphabet has announced a deal to acquire data center and energy infrastructure builder Intersect. Alphabet already held a minority stake and a partnership with the company. The acquisition is for $4.75 billion in cash.

According to Alphabet CEO Sundar Pichai: “Intersect will help us expand capacity, operate more nimbly in building new power generation in lockstep with new data center load, and reimagine energy solutions to drive US innovation and leadership. We look forward to welcoming Sheldon and the Intersect team.”

The deal is expected to close in the first half of 2026.

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