Netherlands Blocks Kyndryl's Takeover Amid Digital Sovereignty Concerns

The Dutch government halted Kyndryl's €100 million acquisition of Solvinity, citing public interest concerns and digital sovereignty. The move reflects a growing trend in Europe to maintain control over critical infrastructure. The decision marked the first such block by the Dutch Investment Screening Bureau since 2020.

In a significant decision highlighting Europe's focus on digital sovereignty, the Dutch government has halted the €100 million acquisition of cloud services provider Solvinity by Kyndryl.

The decision follows advice from the agency monitoring foreign investments, reflecting concerns about control over crucial cloud and data infrastructure.

This marks the first such block by the Dutch Investment Screening Bureau, which has raised questions about the potential impact on Dutch citizens' digital security.