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Stockholm-based EQT will use the financing for a strategy that centres EdgeConneX, a U.S. data centre operator that plans to add 10 gigawatts of capacity. (The Logic)
Talking point: The Canada Pension Plan Investment Board (CPP Investments) is betting big on digital infrastructure. Its backing of EQT follows a $1-billion commitment to Indian data-centre operator CtrlS last month, a $1-billion South Korean deal in November 2024 and the purchase of a stake in Australia’s AirTrunk that September. EdgeConneX currently has over 90 compute facilities, mostly in North America and Europe. That count includes a single Canadian data centre: a small, one megawatt site in uptown Toronto. EQT is part of the investment web of Sweden’s Wallenberg business dynasty; other constituents include industrial giants like Ericsson and Saab, which are both currently making major pushes in Canada. Ottawa and Stockholm’s new strategic partnership could lead to more bilateral business in fields including AI, EQT vice-chair Marcus Wallenberg told The Logic in November.
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