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CPP Investments and Equinix buy atNorth for $4B, with CPP leading 60% stake.
In a $4 billion deal, CPP Investments and Equinix have decided to jointly buy Nordic data center operator atNorth, with Equinix holding 40% of the company and CPP investing $1.6 billion for a 60% share.
A $4.2 billion financing package is part of the deal, which is subject to regulatory approval and intends to grow atNorth's operations throughout Denmark, Finland, Iceland, Norway, and Sweden.
In order to support AI and high-performance computing, the company runs eight data centers with 1 GW of secured power and has plans for 800 MW of additional capacity.
These centers use liquid cooling and renewable energy.
By utilizing the stable economies, inventiveness, and plentiful renewable energy of the Nordic region, the acquisition enhances both Equinix's worldwide reach and CPP Investments' European data center strategy.
AtNorth will keep running its business on its own under its own name.
CPP Investments y Equinix compran a North por $ 4B, con CPP liderando el 60% de las acciones.