Business
CPP Investments and Equinix join forces to acquire atNorth to further accelerate growth in the Nordics
atNorth, the leading Nordic high-density colocation and built-to-suit data center provider, today announced that Canada Pension Plan Investment Board (CPP Investments), and Equinix have entered into a joint agreement to acquire atNorth from Partners Group.
About this update from Partners Group Holding Ag
[{"type":"text","content":" CPP Investments and Equinix Have Provisionally Agreed a US$4.2 Billion Financing Package, Providing Growth Runway to Meet Strong AI, Hyperscale and Enterprise Demand","length":165,"tagName":"p"},{"type":"text","content":"REYKJAVÍK, Iceland, Feb. 27, 2026 /PRNewswire/ -- atNorth, the leading Nordic high-density colocation and built-to-suit data center provider, today announced that Canada Pension Plan Investment Board (CPP Investments), and Equinix have entered into a joint agreement to acquire atNorth from Partners Group.","length":311,"tagName":"p"},{"type":"text","content":"The US$4 billion enterprise value transaction is subject to customary closing conditions, including regulatory approvals. The agreement between CPP Investments and Equinix will support atNorth, which will continue to operate under its own brand, in its continued rapid scaling through capturing opportunities created by rising demand for data center infrastructure. CPP Investments will own an approximate 60% controlling interest and Equinix will own an approximate 40% stake. As part of the transaction, CPP Investments and Equinix have provisionally agreed a US$4.2bn financing package, underwritten by a group of European and Canadian lenders.","length":667,"tagName":"p"},{"type":"text","content":""This acquisition is a powerful validation of atNorth's journey and its market position as the leading Nordics data center platform," said Eyjólfur Magnús Kristinsson, CEO of atNorth. "It further illustrates the strategic importance of the region as Europe's rising AI powerhouse. I'm extremely proud to announce the next step in our chapter, welcoming this investment from CPP Investments and Equinix, which will enable access to capital, global enterprise, and hyperscale relationships, and supply chain strength required to scale at pace. Our strategy remains firmly rooted in the Nordics, and we will continue to operate independently under the atNorth brand, preserving our dedication to the communities where we operate and the culture and values that have defined our success to date."","length":824,"tagName":"p"},{"type":"text","content":"atNorth's portfolio includes eight operational data centers alongside several sites under development across Denmark, Finland, Iceland, Norway and Sweden, and plans for ...