Equinix Agrees to Divest Eight European Assets to Digital Realty Trust, Inc.
The agreement is subject to certain customary closing conditions, including approval by the
Highlights / Key Facts
January 15, 2016, Equinixcompleted the acquisition of TelecityGroup plcin a transaction valued at approximately $3.8 billion(£2.6 billion). The addition of TelecityGroup's 34+ data centers, net of the divestment, more than doubles Equinix'scapacity in Europe, fortifying its position as the largest retail colocation provider in the region and in the world.
- The acquisition of TelecityGroup adds critical network and cloud density to better serve enterprise customers who see interconnection as a core IT design principle and are increasingly moving to highly interconnected, global data centers for accelerated business performance and innovation.
- In addition,
Equinixhas added seven new markets in Europeto its portfolio, providing customers even more ways to connect with other businesses around the world on Platform Equinix™. Resulting from the market additions, Equinixnow operates 145 data center facilities, net of the divestment, in 40 markets, including the additions of Dublin, Helsinki, Istanbul, Manchester, Sofia, Stockholm, and Warsaw.
- The option agreement for
Equinixto acquire the operating business and facility in St. Denis, Pariswhere Equinixhas an established presence and a strong customer base furthers its commitment to the Parisand European markets and its corporate strategy of owning the underlying real estate on which Equinixoperates its large data center campuses.
Steve Smith, president and CEO, Equinix:
"We are pleased to reach this divestiture milestone to satisfy the
European Commissionrequirements, as agreed to with our purchase of TelecityGroup. Additionally, our proposed purchase of the Parisland and business assets from Digital Realtyis a key step in our strategy to invest behind our customers and ecosystems in locations where we have sizable campuses – this includes Paris. Both of these deals today enable us to focus on increased growth of the Equinixportfolio. With increased interconnection in Europe, Equinixcontinues to build on its global market leadership, creating new opportunities to grow business ecosystems around the world."
- Equinix Extends Global Data Center Leadership as Telecity Deal Goes Final [blog]
- European Commission Grants Clearance for Equinix Offer to Acquire Telecity [press release]
Equinixmakes Recommended Offer for TelecityGroup [press release]
- Recommended Cash and Share Offer for
Telecity Group PLCby Equinix, Inc.[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
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