Equinix and CPP Investments wrapped a deal to acquire atNorth, a data center operator with facilities across all five nordic countries. CPP owns a 51% stake to Equinix's 34%. The remainder is held by Partners Group and atNorth shareholders who have decided to roll over their equity.
The $4 billion transaction covers eight existing data center facilities across atNorth's footprint as well as sites under development in Sweden, Finland, Norway and Denmark, expansions to existing sites and a strong portfolio of additional development projects.
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.
Read the full press release here.