In 2021, the data centre unit of Irish building-materials giant Kingspan reported annual revenues of €271 million, a number the company – which made vastly more from its staid old insulated panels business – was not unhappy with.
Then came AI, with its demands for far more dense data centres, and the advanced heat transfer engineering that implies.
On Friday, Kingspan reported that its Advnsys unit, a "critical infrastructure" business increasingly focused on data centre work, made €1.02 billion in revenue in the first six months of 2026.
Advnsys supplies physical systems surrounding the servers, the ceilings and floors that support pipes and cables, as well as hot-aisle containment and cooling manifold gear.
Its deal pipeline too shows just how big the AI boom has been for picks-and-shovels suppliers in the data centre space, with order intake and order backlog both more than doubling year-on-year.
