Equinix and CPP Investments to Acquire atNorth for $4 Billion

Equinix and CPP Investments will jointly acquire atNorth for approximately US$4 billion, announced in a press release. The transaction, subject to regulatory approvals, will give CPP Investments a 60% controlling interest and Equinix a 40% stake.

The acquisition expands Equinix’s presence in the Nordics, adding eight operational data centers and several sites under development across Denmark, Finland, Iceland, Norway, and Sweden. atNorth’s facilities are designed for high-density, AI, and high-performance computing workloads, with liquid cooling capabilities and renewable energy integration.

CPP Investments and Equinix have arranged a US$4.2 billion financing package to fund the purchase and future expansion. atNorth has around 800 MW of development capacity expected to come online within five years and an additional 1 GW of secured power for further growth.

Equinix currently operates eight data centers in the Nordics and over 100 across Europe. The company said the acquisition complements its connectivity services and supports increasing enterprise and AI-driven infrastructure demand in the region.