CPP Investments and Equinix acquire atNorth for $4 billion
Type: Acquisition · Technology: Data Center · Country: Nordic countries · Value: $4B · Announced: 2026-09-02
Canada Pension Plan Investment Board (CPP Investments) and Equinix completed the acquisition of atNorth, a Nordic high-density colocation and build-to-suit data center provider, for $4 billion. atNorth operates eight data centers across all five Nordic countries with additional projects under development in Sweden, Finland, Norway, and Denmark. The acquisition positions CPP Investments as the majority owner with a 51% stake, while Equinix acquires a 34% stake and Partners Group reinvests via its infrastructure secondaries strategy for a 10% stake. The transaction includes a $4.1 billion financing package underwritten by European and Canadian lenders. The deal strengthens Equinix's ability to support AI and cloud deployments in a region known for sustainable energy and advanced technology infrastructure.
Counterparties
- Equinix (Buyer)
- Partners Group (Investor)
- Canada Pension Plan Investment Board (Buyer)
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