Equinix to Acquire Metronode for $792M

The company will add approximately 215,278 square feet of new colocation space. It plans to expand the new facilities, as well as take advantage of two subsea cables, both slated for completion in the first half of 2018.

Equinix has entered a definitive agreement with Ontario Teachers’ Pension Plan to acquire its equity interests in Metronode, an Australian data center business. The all-cash transaction is valued at $792 million and is expected to close in the first quarter of 2018. It is subject to some closing conditions and pending regulatory approval.

With the acquisition of Metronode, Equinix will add 10 more data centers to its Australian portfolio, situated across six metropolitan areas. The company already has four International Business Exchange (IBX) facilities in Sydney and one in Melbourne. They will be complemented by two new ones in Melbourne, three in the Sydney metropolitan area, two in Perth and one each in Canberra, Adelaide and Brisbane…

Equinix to Acquire Metronode for $792M

Categories : Finance

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