Equinix and CPP Investments to Acquire atNorth for $4 Billion with Disclosed Equity Split

Key Facts

Equinix, Inc. (Nasdaq: EQIX) and the Canada Pension Plan Investment Board (CPP Investments) have signed a definitive agreement to acquire atNorth from Partners Group for approximately $4 billion. Under the disclosed ownership structure, CPP Investments will take a 60% majority stake, while Equinix will own the remaining 40%. atNorth is a leading provider of data center services in the Nordic region, with operations spanning five different countries. This strategic acquisition is designed to meet the rapidly growing demand for enterprise and hyperscale data center capacity driven by AI workloads. By integrating atNorth’s assets, Equinix aims to significantly expand its digital infrastructure footprint in Northern Europe. The move underscores the increasing importance of specialized infrastructure to support the global expansion of artificial intelligence technologies.