Equinix, the global interconnection and data center company, has acquired TelecityGroup plc for $3.8 billion (£2.6 billion). The deal expands Equinix’s interconnection platform and presence in key European markets while also adding critical and cloud density to better serve the enterprise customers.
The deal also increases the Redwood City-based data center portfolio by almost 30 percent, taking it from 111 to 145 data centers, doubling the data center company's presence in Europe and fortifying the company’s position as the largest retail colocation provider in the European region. The deal does not include the eight European facilities the company has agreed to sell in exchange for approval of the merger by the European antitrust regulators.
Steve Smith, president and CEO, Equinix, said in a statement:
"Today is a very important day for Equinix as we close the acquisition of Telecity, which is a significant milestone in our 17-year history. By increasing the scale of the Equinix interconnection platform in key markets throughout Europe, we are able to better serve global enterprises while creating meaningful shareholder value."
John Hughes, outgoing executive chairman, TelecityGroup, and board member, Equinix, said in a statement:
"The combination of Equinix and Telecity gives businesses more choice for interconnection, which is increasingly important in this highly digital age, when customers rely on connectivity to drive competitive advantage. I would like to take this opportunity to pay tribute to all the committed, talented employees at Telecity who together built Europe's premium data center business and remain committed to the smooth integration of our two companies. It is with great pleasure that I will continue to work with the combined business as a member of Equinix's Board of Directors."
The deal gives Equinix about 1000 net new customers, including more than 200 netwoprk and mobility companies, and about 300 cloud and IT service providers. This further strengthens the business ecosystems found inside Equinix ’s International Business Exchange IBX data centers and at the same time expands the company’s capacity in core European markets (London, Frankfurt and Amsterdam) and also in smaller markets where the company has not been before (Dublin, Helsinki, Istanbul, Milan, Sofia, Stockholm and Warsaw).
Founded in 1998 and headquartered in Redwood City, California, Equinix, Inc. is an American public corporation that provides carrier-neutral data centers and internet exchanges to enable interconnection. Equinox offers colocation, interconnection solutions and related services to enterprises, system integrators and 1,100+ network service providers worldwide. The company operates 100+ data centers (which the company calls “International Business Exchanges or IBX”) across 33 major metropolitan areas in 15 countries on five continents.
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Tuesday, January 19, 2016
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