The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Green DC LuxCo S.à r.l. of Luxembourg, SEKCO AB, SEKCO2AB and Green DC AB, all of Sweden, collectively referred to as ‘atNorth’, by Canada Pension Plan Investment Board (‘CPPIB’) of Canada and Equinix, Inc. of the US.
The transaction relates primarily to the supply of third-party data centre colocation services.
The Commission concluded that the notified transaction would not raise competition concerns, given its limited impact on competition in the markets where the companies are active. Specifically, the Commission found that the merged entity will continue to face competition from sufficient alternative players and that atNorth and Equinix have different focuses in the market. The notified transaction was examined under the normal merger review procedure.
