Feb 28, 2026 | Posted by Abdul-Rahman Oladimeji
Nordic data center firm atNorth is set to be acquired by Equinix and the Canada Pension Plan Investment Board (CPP) in a $4.2 billion deal. Current owner Partners Group said on Friday it had agreed a deal to sell atNorth in a transaction with an enterprise value of $4 billion.
News that Equinix had won the race to buy atNorth was first reported on Thursday. Under the agreement, CPP will put $1.6 billion of its funds into the company, and own 60 percent of the company’s shares, with Equinix taking the other 40 percent. The total financing package behind the deal is worth $4.2bn, underwritten by a group of European and Canadian lenders.
Eyjólfur Magnús Kristinsson, atNorth CEO, described the deal as “a powerful validation of atNorth's journey.” He said: "It further illustrates the strategic importance of the region as Europe's rising AI powerhouse. I'm extremely proud to announce the next step in our chapter, welcoming this investment from CPP and Equinix, which will enable access to capital, global enterprise, and hyperscale relationships, and supply chain strength required to scale at pace.
“Our strategy remains firmly rooted in the Nordics, and we will continue to operate independently under the atNorth brand, preserving our dedication to the communities where we operate and the culture and values that have defined our success to date."
