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Equinix, CPP Bet $4 Billion On Nordic AI Boom With atNorth Deal - Equinix (NASDAQ:EQIX)
CPP Investments will hold a 60% stake and Equinix 40% in the $4 billion deal to expand atNorth's Nordic data center operations amid growing AI and cloud demand.
- On Feb. 27, 2026, Canada Pension Plan Investment Board and Equinix agreed to acquire Nordic data centre operator atNorth in a transaction valuing the business at US$4 billion, subject to customary closing conditions.
- The Nordics' appeal stems from technical talent, resilient economies, and cooler climates, while accelerating enterprise and cloud/AI demand drives data-centre capacity growth.
- Under the deal, CPP Investments will invest roughly US$1.6 billion for about 60% of atNorth, which operates eight data centres and has secured 1 gigawatt of power with an 800-megawatt pipeline.
- Equinix says the acquisition will be immediately accretive and the partners expect the deal to support atNorth's rapid scaling while Maximilian Biagosch, Senior Managing Director & Global Head of Real Assets, CPP Investments, highlighted the ability to deploy capital at scale to achieve returns.
- Positioning the region as an AI hub, the deal advances heat reuse and modular design at atNorth while complementing Equinix's global footprint and serving AI and high-density computing customers.
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CPP Investments and Equinix buying data centre company atNorth
TORONTO — Canada Pension Plan Investment Board and Equinix, Inc. have signed a deal to buy data centre company atNorth from Partners Group. The agreement values atNorth at an enterprise value of US$4 billion.
CPP Investments And Equinix To Acquire AtNorth
atNorth photo (CNW Group/Canada Pension Plan Investment Board) TORONTO — Canada Pension Plan Investment Board (CPP Investments) and Equinix, Inc. a digital infrastructure company, announced on Feb. 27 that they have entered into a joint agreement to purchase atNorth, a Nordic high-density colocation and built-to-suit data centre provider for $4 billion USD. The transaction is subject to customary closing conditions. The agreement intends to supp…
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