Equinix

EQIX

Market cap $95.7B

The Canada Pension Plan Investment Board takes a 60% stake in the Nordic data-center operator, with digital infrastructure company Equinix owning 40%.

Canada Pension Plan Investment Board and Equinix have agreed to acquire Nordic data center operator atNorth from private equity firm Partners Group in a deal valued at about $4 billion, the companies said in a joint statement on Friday.

Leading Data Center Provider in the Nordics Has Operations in Five Countries, Providing Equinix with Access to Capacity to Meet Enterprise, AI and Hyperscale Demand in Key Markets TORONTO, ON and AMSTERDAM, Feb. 27, 2026 /PRNewswire/ -- Canada Pension Plan Investment Board (CPP Investments) and Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company®, today announced they have entered into a joint agreement to purchase atNorth—a leading Nordic high-density colocation and built-to-suit data center provider—from Partners Group, one of the largest firms in the global private markets industry. The US$4 billion enterprise value transaction is subject to customary closing conditions, including regulatory approvals.

Equinix and Canada Pension Plan Investment Board are close to reaching a deal to acquire atNorth, a pan-Nordic data-center operator backed by Partners Group, Bloomberg News reported on Thursday, citing people familiar with the matter.

REDWOOD CITY, Calif., Feb. 23, 2026 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company®, today announced that its executives will attend two upcoming investor conferences: Citi 2026 Global Property CEO Conference on Monday, March 2.

U.S. equity markets advanced this week as investors parsed a deluge of headlines, including a major Supreme Court tariff ruling, escalating Middle East tensions, soft economic data, and hawkish Fed-speak. The Supreme Court ruled 6-3 to restrict the President's authority to impose broader tariffs under the IEEPA framework, a widely expected move that was quickly countered by the White House. Investors also shrugged off renewed tensions between the U.S. and Iran, which sent oil prices to seven-month highs. The S&P 500 advanced 1.1% - its best weekly gains since early January.

Equinix, Inc. (EQIX) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, EQIX's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.

Equinix delivered strong FY'25 growth and raised 2026 guidance, but Q4 missed revenue and earnings expectations. AI-driven demand is fueling record bookings and interconnection revenue, with management targeting 9–10% revenue and 9–11% AFFO growth in 2026. Despite margin expansion and robust fundamentals, EQIX trades at a steep ~24–30x FFO multiple, far above datacenter REIT peers.

Real Estate Investment Trusts—or REITs—were left for dead in 2025. After two straight years of underperformance, the group became one of the market's most widely avoided corners—largely because rising interest rates are kryptonite for a sector built on leverage and access to capital.

While Nvidia (NASDAQ: NVDA | NVDA Price Prediction) stock surged 34.9% over the past year and the S&P 500 gained 12.2%, the infrastructure REITs powering AI's physical backbone have been left behind.