Equinix, Inc. and Canada Pension Plan Investment Board (CPP Investments) have entered a joint agreement to acquire atNorth, a leading Nordic high-density colocation and built-to-suit data center provider. The acquisition is from Partners Group for an enterprise value of US$4 billion. CPP Investments will own an approximate 60% controlling interest, investing approximately US$1.6 billion, while Equinix will own an approximate 40% stake. The transaction is expected to be immediately accretive to Equinix's adjusted funds from operations (AFFO) per share upon close. atNorth's portfolio includes eight operational data centers and several sites under development across Denmark, Finland, Iceland, Norway, and Sweden. The company has an installed and active development pipeline of approximately 800 MW that will come online over the next five years, with an additional 1 GW of secured power planned for future expansion. atNorth's facilities are designed to meet increasing demand for AI and high-performance computing, with liquid cooling capabilities and a focus on renewable energy, heat reuse, and efficient modular design.