"Partners Group, a Swiss private equity and real estate biz which bought atNorth in 2021, is understood to be seeking between €4 billion ($4.6 billion) and €4.5 billion ($5.2 billion), according to Bloomberg and the FT. Now the bidders keen to snatch up the business are reported to include two of the largest multinational datacenter operators, Digital Realty and Equinix. Equinix is working with investors Canada Pension Plan Investment Board."
"atNorth operates nine datacenters across countries with cooler climates: Sweden, Finland, Denmark, and Iceland are locations that offer significant cooling advantages for AI workloads. For either buyer, the acquisition would provide both additional capacity and entry into markets beyond the main European hubs of Frankfurt, London, Amsterdam, and Paris (FLAP). As The Register reported earlier this year, datacenter merger activity soared to new heights during 2024, driven by anticipated gains from the boom in AI development,"
Digital Realty and a consortium including Equinix, working with Canada Pension Plan Investment Board, are competing to acquire atNorth. Partners Group is seeking between €4 billion and €4.5 billion for atNorth, which it bought in 2021. atNorth operates nine datacenters across Sweden, Finland, Denmark and Iceland, offering significant cooling advantages for AI workloads. The acquisition would add capacity and provide entry into markets beyond the main European hubs of Frankfurt, London, Amsterdam and Paris. Datacenter merger activity reached about $57 billion in 2024, driven by AI demand and strong investor interest. Some observers warn that the AI-driven investment surge could resemble a bubble.
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