Equinix and Canada Pension Plan Investment Board are close to acquiring pan-Nordic data-centre operator atNorth in a transaction that could value the company at approximately $4bn including debt, Bloomberg News reported.

The deal could be announced in the coming days.

atNorth is currently backed by Partners Group, which acquired the business in 2022 and has since supported its expansion across the Nordic region.

Headquartered in Iceland, atNorth operates data centres in Iceland, Denmark, Sweden, and Finland, serving hyperscale cloud providers, artificial intelligence workloads, and high-performance computing clients.

Equinix has been expanding aggressively to capture rising demand for digital infrastructure, while pension funds such as CPPIB continue increasing exposure to data-centre assets as part of long-term infrastructure allocations.

If completed, the transaction would mark a significant realisation for Partners Group and underscore sustained private capital appetite for scalable, energy-efficient data infrastructure platforms across Northern Europe.

If you think we missed any important news, please do not hesitate to contact us at [email protected].

Can`t stop reading? Read more.