Finance
Equinix, Canada's CPPIB near deal to buy Nordic data-center operator atNorth, Bloomberg News reports
Published by Global Banking & Finance Review®
Posted on February 26, 2026
2 min readLast updated: February 26, 2026
Quick Summary
Equinix and Canada Pension Plan Investment Board are reportedly nearing a roughly $4B deal to acquire Nordic data‑center operator atNorth from Partners Group. The move underscores growing investor demand for AI and cloud infrastructure.
Equinix, CPPIB close to $4B purchase of Nordic data-center firm atNorth
Equinix–CPPIB Bid for atNorth: Deal Overview
Feb 26 (Reuters) - Equinix and Canada Pension Plan Investment Board are close to reaching a deal to acquire atNorth, a pan-Nordic data-center operator backed by Partners Group, Bloomberg News reported on Thursday, citing people familiar with the matter.
Valuation and Announcement Timing
The deal, which may be announced in the coming days, could value atNorth at about $4 billion including debt, according to the report.
Company Responses to Requests for Comment
CPPIB and Partners Group declined Reuters requests for comment, while Equinix did not immediately respond.
Pension Fund Data-Center Exposure
Strategic Rationale: Digital Infrastructure Demand
Data-centre operator Equinix has been expanding aggressively to capture rising demand for digital infrastructure, while pension funds have been increasing exposure to data-center assets.
Hyperscale, AI and HPC Clients
Operations Across the Nordics
atNorth’s Footprint and Customers
Iceland-based atNorth operates data centres across Iceland, Denmark, Sweden and Finland, catering to hyperscale cloud, AI and high-performance computing customers. Private equity firm Partners Group acquired the business in 2022 for an undisclosed amount and has since supported its regional expansion.
Reporting and Editing Credits
(Reporting by Kritika Lamba in Bengaluru; Editing by Shailesh Kuber)
Key Takeaways
- •Equinix and CPPIB are reportedly close to acquiring pan‑Nordic operator atNorth.
- •The potential transaction could value atNorth around $4 billion including debt.
- •atNorth runs data centers across Iceland, Denmark, Sweden and Finland serving AI, HPC and cloud clients.
- •Equinix has been expanding to capture rising digital infrastructure demand.
- •Partners Group, which bought atNorth in 2022, has supported its regional expansion.
Frequently Asked Questions about Equinix, Canada's CPPIB near deal to buy Nordic data-center operator atNorth, Bloomberg News reports
1What is the main topic?
Equinix and the Canada Pension Plan Investment Board are reportedly close to acquiring Nordic data‑center operator atNorth in a deal valued near $4 billion including debt.
2Who is selling atNorth and where does it operate?
atNorth is backed by Partners Group and operates data centers across Iceland, Denmark, Sweden and Finland, serving hyperscale cloud, AI and high‑performance computing customers.
3Why does this deal matter?
It highlights accelerating investment in data‑center capacity to meet AI and cloud demand, with Equinix expanding aggressively and pension funds increasing exposure to digital infrastructure.
