interconnection and colocation company global data center, Equinix (Nasdaq: EQIX), completed the TelecityGroup acquired in a transaction valued at approximately $ 3.8 billion (£ 2.6 billion). Adding 40+ TelecityGroup data centers more than double the capacity of Equinix in Europe.
The TelecityGroup acquisition expands the platform interconnection Equinix in major European markets while adding critical network and cloud density to better serve corporate clients.
acquisition TelecityGroup enhance the existing portfolio of Equinix data centers by adding seven new markets in Europe and provide customers even more ways to connect with others companies around the world on the Equinix platform. With the acquisition, Equinix will add data center facilities in Bulgaria, Finland, Ireland, Italy, Poland, Sweden and Turkey .
TelecityGroup also provides over 1,000 net new customers to Equinix, including more than 0 network companies and mobility, and more than 300 cloud and IT services. This would strengthen the business ecosystems found within Equinix International Business Exchange (IBX) data centers.
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Equinix has made three acquisitions in the last twelve months, including professional services company Nimbo the United States in January 2015 and Bit- isle in Japan in November 2015. the TelecityGroup and acquisitions Bit-isle significantly expand the global platform Equinix (after disposals planned) from 105 data centers in 33 to 145 metros 40 metros.
Originally announced in May 2015 as cash and share offer recommended the transaction was approved earlier this week by TelecityGroup shareholders . The transaction consists of a cash payment of approximately $ 1.7 billion and the issuance of approximately 6.8 million shares of Equinix common stock valued at approximately $ 2.1 billion based on the current closing Equinix common shares as of January 14, 2016.
President of TelecityGroup, John Hughes , will join the board of directors of Equinix, while EMEA President of Equinix, Eric Schwartz , will head the combined regional business EMEA.
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