Partners Group is buying Iceland’s largest data centre operator atNorth for an undisclosed sum.
atNorth has two data centre locations in Iceland that have a total committed power capacity of 83MW and an 11MW site under construction in Stockholm, Sweden which will start operations in February 2022.
The company’s data centres are supplied entirely by renewable power
Partners Group said it aims to transform atNorth into a major pan-Nordic provider of sustainable and efficient data centre solutions.
atNorth marks Partners Group’s fourth digital infrastructure investment in 2021, with the firm committing approximately $4bn across the digitisation theme since inception.
Esther Peiner, managing director, private infrastructure Europe at Partners Group, said: “This opportunity to build next-generation infrastructure across the Nordics lies at the intersection of our digitisation and decarbonisation giga themes.
“Emerging technologies, such as machine learning, AI, and 5G, will likely drive exponential growth in the data center infrastructure required to power and run such applications. Meanwhile, there is rising demand from businesses for green IT solutions.”
Ismail Afara, private infrastructure Europe, Partners Group, said: “atNorth benefits from a profitable, cash generative asset base and is a strong candidate for our platform expansion strategy. Demand for data centre capacity across the Nordics is rising at high double-digit annual growth rates, which provides significant development opportunities. We are excited to partner with the management team on atNorth’s next chapter.”
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