CPP Investments | Investissements RPC and Equinix have completed the acquisition of atNorth, a Nordic data center developer and operator with a scalable portfolio of high-density colocation and built-to-suit data facilities.
Together, the operating portfolio and development pipeline provide atNorth with significant capacity to serve growing demand from global enterprise and hyperscale customers across AI, cloud and high-performance computing workloads, supported by advanced cooling technologies, renewable energy integration and heat reuse solutions.
The US$4 billion acquisition, by CPP Investments and Equinix, builds on CPP Investments’ global experience in data center investing and underscores the strategic importance of the Nordics as a hub for AI-ready digital infrastructure. atNorth will continue to operate independently under its existing brand, with the backing of its shareholders to accelerate development of its pipeline and expand capacity across the Nordics. Equinix brings complementary digital infrastructure expertise and global customer relationships to support atNorth’s continued growth.
Maximilian Biagosch, Senior Managing Director & Global Head of Real Assets, CPP Investments, said, “With its strong portfolio of development projects, access to renewable power and differentiated capabilities for AI and high-performance computing workloads, atNorth is well positioned to support the region’s next phase of growth. This important transaction also aligns with CPP Investments’ focus on investing in high-quality digital infrastructure businesses that can deliver long-term value for CPP contributors and beneficiaries.”
Regina Donato Dahlström, Managing Director, Equinix Nordics, said, “As AI adoption accelerates, organisations need infrastructure that brings together data, clouds, networks and inference services. Expanding our footprint helps create the interconnected hubs that enable data to move efficiently and securely across ecosystems.”
Eyjólfur Magnús Kristinsson, CEO of atNorth, said, “We enter this next phase from a position of strength, with a clear strategy to continue to operate independently under the atNorth brand, while working closely with CPP Investments and Equinix. The backing of our new owners, enhances our ability to scale at pace, expand capacity across the Nordics, and deepen our relationships with global enterprise and hyperscale customers.”
Join our community of 200,000+ real estate leaders and get weekly insights and updates with our newsletter.
*Offer ends on Friday, 7th February.
