"Digital Realty and a consortium of Equinix and Canada Pension Plan Investment Board are both trying to acquire the Scandinavian company atNorth. Partners Group, the owner of atNorth, is reportedly aiming for around €4.5 billion for the pan-Nordic data center operator. This is according to Bloomberg, based on sources. atNorth operates data centers in Iceland, Denmark, Sweden, and Finland. Partners Group acquired the company in January 2022."
"For both Digital Realty and Equinix, an acquisition of atNorth would mean direct access to the Northern European data center market. Both parties already own and operate data centers in Asia-Pacific, Europe, and America. Partners Group previously invested heavily in atNorth with a view to expansion. The Swiss investment company wanted to turn the Scandinavian company into a leading pan-Nordic provider. The current sale should result in a significant return for Partners Group."
atNorth is a pan-Nordic data center operator with facilities in Iceland, Denmark, Sweden, and Finland. Partners Group acquired atNorth in January 2022 and invested to expand it into a leading regional provider. Partners Group is reportedly targeting around €4.5 billion in the current sale process. Bidders include Digital Realty and a consortium of Equinix and the Canada Pension Plan Investment Board, aiming for direct access to Northern European data center capacity. The region attracts data center investment due to abundant green energy and cooler climates. Negotiations are ongoing and no final deal is confirmed.
Read at Techzine Global
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