Equinix and CPP Investments Acquire atNorth for $4 Billion

Summary

On February 27, 2026, Equinix, Inc. and Canada Pension Plan Investment Board (CPP Investments) announced a joint agreement to acquire atNorth, a leading Nordic high-density colocation and built-to-suit data center provider, for a total enterprise value of $4 billion. The transaction is expected to be immediately accretive to Equinix's adjusted funds from operations (AFFO) per share. CPP Investments will invest approximately $1.6 billion, owning a 60% controlling interest, while Equinix will own approximately 40%. The acquisition includes atNorth's eight operational data centers and several sites under development across Denmark, Finland, Iceland, Norway, and Sweden, with plans for further expansion. The deal is subject to customary closing conditions, including regulatory approvals.