Published by Global Banking & Finance Review®
Posted on February 26, 2026
2 min readLast updated: April 2, 2026
Add as preferred source on GoogleEquinix 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.
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.
The deal, which may be announced in the coming days, could value atNorth at about $4 billion including debt, according to the report.
CPPIB and Partners Group declined Reuters requests for comment, while Equinix did not immediately respond.
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.
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 by Kritika Lamba in Bengaluru; Editing by Shailesh Kuber)
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.
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.
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.
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