Market news: atNorth has been acquired by Canada Pension Plan Investment Board (CPP Investments) and Equinix in a transaction valued at approximately USD 4 billion. The agreement includes a USD 4.2 billion financing package underwritten by a group of European and Canadian lenders.
Under the agreement, CPP Investments will hold an approximate 60% controlling interest and Equinix will hold an approximate 40% stake. The transaction remains subject to customary closing conditions, including regulatory approvals.
atNorth will continue to operate under its existing brand and strategy.
The company currently operates eight data centers across Denmark, Finland, Iceland, Norway and Sweden, with several additional sites under development. In Denmark, atNorth operates a data center in Ballerup and is developing a major new site in Varde. Across its portfolio, the company has secured approximately 1 GW of power, with further future capacity planned.
According to the company, the acquisition is intended to support atNorth’s continued growth, driven by rising demand for AI, hyperscale and enterprise infrastructure. Several of its facilities are designed to support high-density workloads, including liquid cooling capabilities.
The entry of Equinix into the ownership group marks a notable development for the Nordic and Danish data center market. Equinix is one of the world’s largest data center and interconnection operators, and its participation signals continued international interest in Nordic digital infrastructure.
Henrik Hansen, CEO, Datacenter Industrien, comments on the news: ““This transaction underscores the strong international confidence in the Nordic data center market. For Denmark, it highlights the importance of maintaining stable and predictable framework conditions that allow the sector to develop responsibly and competitively.”
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Christine Kjær Jacobsen
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chja@datacenterindustrien.dk
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