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
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)
