Azrieli Group, an Israeli real estate and holding company, agreed to acquire Green Mountain, a private company which was incorporated in Norway in 2009, which has been operating in the field of server farms since its incorporation, from Smedvig, a private equity firm, for $850m. "Acquiring Green Mountain is a key milestone in realizing Azrieli Group's strategy for building international operations in the Data Centers sector. The combination of the operations in North America through Compass with the acquisition of Green Mountain in Europe will allow Azrieli Group to become a significant global player in this growing and developing arena," Danna Azrieli, Azrieli Group Chairman.