The acquisition of Bit-isle will further strengthen
Highlights / Key Facts
- With the successful acquisition of Bit-isle,
Equinixwill gain significant scale by creating the fourth largest data center operator in Japan(). Upon completion of the acquisition, Equinixwill gain five data centers in Tokyoand one in Osakain close proximity to the existing Equinix International Business Exchange (IBX®) data centers in Japancreating campuses for customers' future expansion needs. After the completion of TY5 in Q1 2016, Equinixwill have 10 IBX data centers in Tokyoand two in Osaka.
- The combination will accelerate
Equinix'scloud and enterprise ecosystem growth as well as create significant cross selling opportunities. Bit-isle complements Equinix'srobust cloud and network service provider customer base with their strong Japanese enterprise and system integrator customer base including some of Japan'slargest businesses. Those businesses will have immediate access to Equinix'sglobal cloud and network service provider customers, and will be able to leverage Platform Equinix™ to expand into other key markets.
- Equinix Japan has the highest mix of interconnection revenue in the company's APAC region. Bit-isle adds close geographic capacity adjacent to
Equinix'scarrier dense sites that Equinixcan leverage to continue to scale its global interconnection platform. The acquired data centers can be tethered to existing Equinix IBX data centers for campus connectivity to network and cloud service providers, business ecosystems and other enterprises within a metropolitan area.
- The transaction, if completed, is expected to be accretive to
Equinix'sadjusted funds from operations (AFFO) per share upon close. The Bank of Tokyo-Mitsubishihas committed to provide a one-year senior bridge term loan facility to fund the acquisition.
Kohei Terada, president and CEO, Bit-isle:
"Our Company has been innovating in the IT infrastructure industry as the number one independent data center provider in
Steve Smith, president and CEO, Equinix:
"With the acquisition of Bit-isle,
- For more information, including an investor presentation and the Notice of Commencement of Tender Offer for Share Certificates, Etc. of
Bit-isle Inc.(Stock Code: 3811), both in English and Japanese, please visit the Equinix Investor Relations page. Equinixto Build New $43M Data Centerin Tokyo[press release]
Forward Looking Statements
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual results to differ materially from expectations discussed in such forward-looking statements, including statements related to the acquisition of Bit-isle, the expected benefits from the acquisition and the expected timing for closing the acquisition. Factors that might cause such differences include, but are not limited to, the failure of one or more conditions to the tender offer for the Bit-isle shares to be satisfied; the occurrence of any event, change or other circumstance that would compromise our ability to complete the acquisition of Bit-isle within the expected timeframe or at all; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into
International Business Exchange is a trademark of
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