Dec. 21, 2021 — atNorth, a Nordic colocation data center solutions provider, announced today that the company is to be acquired by Partners Group, a 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.
Eyjólfur Magnús Kristinsson, CEO, atNorth.
“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.”
atNorth currently has 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 fastgrowing 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.
About atNorth
From 2009 atNorth has innovated in the data center technology space with their design, construction and operation of world class data center facilities in Iceland and in Sweden. atNorth services leading organizations in diverse industries, enabling them to transform the world’s most demanding data into important business decisions, without compromising speed, performance, or the climate. Through the strategic location of atNorth’s data center facilities in the Nordic region, combined with a high-performance infrastructure, the most efficient and cost-optimized solution to calculate, simulate, train and visualize data can be achieved, regardless of workload. All the company’s services are architected to provide circular economy principles for the data center industry where renewable energy combined with unparalleled energy efficiency are fundamental principles. For more information, visit atNorth.com.
About Partners Group
Partners Group is a leading global private markets firm. Since 1996, the firm has invested over USD 150 billion in private equity, private real estate, private debt, and private infrastructure on behalf of its clients globally. Partners Group seeks to generate strong returns through capitalizing on thematic growth trends and transforming attractive businesses and assets into market leaders. The firm is a committed, responsible investor and aims to create sustainable returns with lasting, positive impact for all its stakeholders. With USD 119 billion in assets under management as of 30 June 2021, Partners Group provides an innovative range of bespoke client solutions to institutional investors, sovereign wealth funds, family offices and private individuals globally. The firm employs more than 1,500 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN). For more information, please visit www.partnersgroup.com.
Source: atNorth
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