updated: 22-02-2022 | 09:52
atNorth, an innovative Nordic colocation data center solutions provider, announces today that the company is to be acquired by Partners Group, a leading global private markets firm, acting on behalf of its clients. The acquisition aligns with atNorth’s strategy to accelerate its presence and operations across the Nordic region.
“atNorth’s mission has been to be a leading Nordic provider of green colocation data center services and high-performance computing solutions by leveraging our experience building both cost and power-efficient colocation data centers. After having established data center operations in both Iceland and Sweden, we are now looking to accelerate our expansion.” Says Eyjólfur Magnús Kristinsson, Chief Executive Officer, atNorth. “We believe Partners
Group is the perfect fit to start the next phase of our journey, given the firm's extensive experience in digital infrastructure, operational expertise, and financial resources.”
Becoming a leading pan-Nordic data center provider
atNorth currently have two sites in operation in Iceland and one in Stockholm, Sweden. The company serves more than 100 clients, including both local and international blue-chip companies in need of efficient and high-performing yet sustainable data center services. Partners Group’s vision is for atNorth to become a leading pan-Nordic data center provider.
“atNorth is perfectly positioned to gain market share with their high-performing and power-efficient data centers in combination with a genuine sustainability approach in the fast-growing market of high-density data, driven by AI and such technologies. We look forward to working together with Eyjólfur Magnús and his team across the region.” Says Esther Peiner, Managing Director, Private Infrastructure Europe, at Partners group.
The acquisition is scheduled to close in Q1 2022 and atNorth’s current management team will continue to oversee operations and manage the company’s entry into new markets. The terms of the transaction are not being disclosed.