Equinix, CPP Investments Acquire Nordic Data Center Operator
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The latest update is out from Equinix ( (EQIX) ).
On February 27, 2026, Equinix and Canada Pension Plan Investment Board announced a joint agreement to acquire Nordic data center operator atNorth from Partners Group for an enterprise value of US$4 billion, with CPP Investments taking a 60% controlling stake and Equinix a 40% stake. The deal, funded by a US$4.2 billion financing package and expected to be immediately accretive to Equinix’s adjusted funds from operations per share upon closing, gives Equinix and CPP Investments access to atNorth’s high-density, renewable-powered data centers and large growth pipeline across Denmark, Finland, Iceland, Norway and Sweden, strengthening their positions in AI, hyperscale and enterprise infrastructure while deepening their presence in the fast-growing, sustainability-led Nordic data center market.
atNorth brings eight operational sites, several developments and more than 1 GW of secured power with significant additional capacity planned, complementing Equinix’s existing Nordic footprint of eight facilities in Helsinki and Stockholm and enhancing its ability to serve customers needing resilient, sovereign digital infrastructure. For CPP Investments, the transaction expands its European data center exposure and builds on its prior collaborations with Equinix, as both investors seek to capitalize on accelerating demand for AI and cloud services in the Nordics, where access to renewable energy, cool climates and advanced technical expertise underpin the region’s emergence as a key hub for next-generation digital growth.
The most recent analyst rating on (EQIX) stock is a Buy with a $1060.00 price target. To see the full list of analyst forecasts on Equinix stock, see the EQIX Stock Forecast page.
Spark’s Take on EQIX Stock
According to Spark, TipRanks’ AI Analyst, EQIX is a Outperform.
EQIX scores well on fundamentals and outlook: solid multi-year revenue expansion, improving profitability, and upbeat 2026 guidance for growth, margins, and AFFO per share. Technicals support the uptrend but show overbought conditions that can create near-term volatility. The main drag on the score is valuation (very high P/E) alongside leverage and capital-intensity/free-cash-flow variability.
To see Spark’s full report on EQIX stock, click here.
More about Equinix
Equinix, Inc., listed on Nasdaq as EQIX, is a global digital infrastructure company that operates interconnected data centers and colocation facilities, providing secure power, connectivity and ecosystem access for enterprises, cloud providers, AI workloads and networks worldwide. The company runs all its European facilities on 100% renewable energy coverage and is pursuing a global net-zero target by 2040, positioning itself as a sustainability-focused infrastructure partner for organizations that require data sovereignty and low-latency access to digital ecosystems.
Average Trading Volume: 619,008
Technical Sentiment Signal: Buy
Current Market Cap: $93.53B
Find detailed analytics on EQIX stock on TipRanks’ Stock Analysis page.
