Equinix and CPPIB Snap Up Nordic Data Center Giant for $4B
Equinix teams up with Canada Pension Plan Investment Board to acquire pan-Nordic data center operator atNorth in a $4B deal.
Equinix and the Canada Pension Plan Investment Board are joining forces to buy atNorth Holding AB in a deal that values the Nordic data center operator at $4 billion, debt included.
atNorth operates data centers across the Nordic region and is currently owned by Partners Group Holding AG. The acquisition pairs one of the world's largest data center companies with one of the biggest pension fund investors on the planet.
The deal underscores the relentless appetite for data center infrastructure as cloud and AI workloads continue to surge. Nordic facilities are particularly attractive thanks to cooler climates and access to renewable energy — both critical for keeping power-hungry servers running efficiently.
At $4 billion, this ranks among the larger data center acquisitions in recent memory. Equinix continues stacking its global footprint while CPPIB deepens its bet on digital infrastructure.