Rautenberg & Company advises OVAG on strategic partnership with firstcolo to develop state-of-the-art data centre in Rosbach vor der Höhe.

Our team supported Oberhessische Versorgungsbetriebe AG (OVAG) in forming a strategic partnership with firstcolo Group (firstcolo) for the development of a state-of-the-art data centre in Rosbach vor der Höhe. The transaction was signed in February 2026.

With this project, firstcolo and OVAG are joining forces for a major infrastructure project in the Wetterau region: the 24 MW facility will enable AI and HPC applications and provide scalable, sustainable IT capacity and direct connectivity for German and international businesses.

OVAG has been a reliable provider of energy and water to the region for over 110 years. In addition to providing electricity for around 500,000 people in more than 60 towns and municipalities, OVAG offers gas and heating services. The company has been a pioneer in renewable energy for decades through investments in wind and PV projects.

Frankfurt-based firstcolo is a leading operator of state-of-the-art data centres. Since its inception in 2007, firstcolo has provided tailored IT infrastructure solutions ranging from colocation and server systems to managed services and cloud solutions. Today, over 400 customers across various industries rely on the 80-strong team of experts to shape a sustainable digital future.

Leveraging our integrated approach, our team acted as M&A Lead Advisor to OVAG throughout the transaction process and conducted a comprehensive Commercial Due Diligence.