CPP Investments and Equinix have completed their acquisition of atNorth, a leading Nordic data center platform. The deal gives the joint venture a foothold across Iceland, Sweden, Norway, and Finland, markets that offer abundant renewable energy and natural cooling advantages. Financial terms were not disclosed in the announcement, but the transaction had been previously announced and has now formally closed.
The completion formalizes one of the larger cross-border data center acquisitions of 2026, giving Equinix and one of Canada's largest pension funds a combined platform to compete for hyperscaler workloads seeking low-carbon Nordic capacity. It also signals continued institutional appetite for data center assets outside the traditional US and Western European markets.
Named acquirers CPP Investments and Equinix, named target atNorth, and transaction completion status triggered selection. The story differs from the previously published 'atNorth Plans 350MW Data Center Campus in Norway,' which covered a construction announcement rather than the closing of this acquisition.