Alex Karp forest land acquisition in Sweden

Alex Karp, CEO of Palantir Technologies, has acquired approximately 15,000 hectares of forest land in the Härjedalen region of northern Sweden through his company, Cladonia Skog AB. The transaction, valued between 235 million and 250 million SEK, involved purchasing three properties in the Storsjö area from the state-owned forestry company SCA.

SCA indicated the sale was part of a divestment from areas not optimal for their primary forestry operations due to their distance from production facilities. The land, which includes mountainous forest and areas above the tree line, is noted as being suitable for skiing, hunting, and recreation.

The acquisition has prompted local concern, particularly after the termination of existing hunting group leasing rights. While some community members expressed apprehension that the land might be used for high-energy data centers, representatives for SCA and Scandinavian Trust stated that no such development is planned, citing the land’s classification and mountainous location as limiting factors. Representatives emphasized a commitment to the “beauty of the land and its preservation.”