CPP Investments and Equinix complete atNorth acquisition

CPP Investments and Equinix have announced the completion of their acquisition of atNorth, a Nordic data center platform.

• The transaction is valued at US$4 billion, with an associated US$4.1 billion (€3.6 billion) financing package to fund the deal and atNorth’s expansion; ownership is split among CPP Investments (c. 51%), Equinix (c. 34%), and Partners Group (c. 10%).
• atNorth said it will continue to operate independently under its existing brand, with eight operational data centers and development projects across Sweden, Finland, Norway and Denmark, including a new site in Norway and additional sites under development in the Nordics.
• The release is a first-time completion announcement rather than commentary; it also highlights atNorth’s focus on AI, cloud, high-performance computing, renewable energy integration, and heat reuse solutions.