Gnomon Capital has purchased all business shares of the DC North data center, a highly secure facility known as the ‘Croatian Fort Knox’, according to an announcement by the firm’s lawyers on Tuesday (June 2017). – Porobija & Špoljarić LLC. In a now-deleted statement, law firm Schoenherr announced that its client had acquired a 22.026% stake from cloud operator Cratis and manufacturing firm Muraplast.
Croatia’s court register confirms that Cratis and Muraplast were removed as company members on 20 May and replaced by Gnomon Capital. DC North’s share capital is recorded as €22,026,451,120 (approximately $1.7 million). DC North and Gnomon Capital were contacted for comment.
Cratis established DC North in Varaždin, northern Croatia, in November 2023. The company described it at the time as the largest carrier-neutral data center in the country. The 4MW facility offers 21,053 sq ft (2,000 sqm) of IT space across six rooms, each fitted with 104 racks.
According to Cratis, DC North is engineered to withstand earthquakes up to magnitude nine on the Richter scale and meets the highest security standards. Situated at the intersection of three redundant optical routes linking Slovenia, Hungary, and Austria, it serves as Croatia’s second most important data exchange point.
The cloud operator also noted that it is the only certified data center in Croatia located outside Zagreb. The facility’s official opening in 2023 was attended by President Zoran Milanović and other senior officials. “In today’s world, we cannot live without this type of service,” Milanović stated at the inauguration ceremony on 24 November 2023.
This concerns national security, as well as the control of key processes, financial assets, personal property, and bank accounts—without which we cannot operate normally. Croatia is positioning itself as a key hub for European digital infrastructure, thanks to its robust high-voltage grid and advantageous location bridging Western Europe and the Balkans.
The country currently has 17 operational data centers. Last month, US investment firm Pantheon Atlas revealed plans for a massive up to €12 billion ($14.1bn) hyperscale AI data center and innovation campus in Topusko, south of Zagreb. Gnomon Capital, a Liechtenstein-based private equity firm, specializes in technology and fintech investments.
Discover more about the data center market in Italy and Southern Europe, and connect with regional executives and experts at the DCN Milan event next year. Additional content on Investment, M&A, and Financing. 11 May 2026.
