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
Additionally,
Highlights / Key Facts
- On
January 15, 2016 ,Equinix completed the acquisition ofTelecityGroup plc in 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 doublesEquinix's capacity inEurope , 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,
Equinix has added seven new markets inEurope to its portfolio, providing customers even more ways to connect with other businesses around the world on Platform Equinix™. Resulting from the market additions,Equinix now operates 145 data center facilities, net of the divestment, in 40 markets, including the additions ofDublin ,Helsinki ,Istanbul ,Manchester ,Sofia ,Stockholm , andWarsaw . - The option agreement for
Equinix to acquire the operating business and facility in St. Denis,Paris whereEquinix has an established presence and a strong customer base furthers its commitment to theParis and European markets and its corporate strategy of owning the underlying real estate on whichEquinix operates its large data center campuses.
Quotes
Steve Smith , president and CEO,Equinix :
"We are pleased to reach this divestiture milestone to satisfy theEuropean Commission requirements, as agreed to with our purchase of TelecityGroup. Additionally, our proposed purchase of theParis land and business assets fromDigital Realty is a key step in our strategy to invest behind our customers and ecosystems in locations where we have sizable campuses – this includesParis . Both of these deals today enable us to focus on increased growth of theEquinix portfolio. With increased interconnection inEurope ,Equinix continues to build on its global market leadership, creating new opportunities to grow business ecosystems around the world."
Additional Resources
- Equinix Extends Global Data Center Leadership as Telecity Deal Goes Final [blog]
- European Commission Grants Clearance for Equinix Offer to Acquire Telecity [press release]
Equinix makes Recommended Offer for TelecityGroup [press release]- Recommended Cash and Share Offer for
Telecity Group PLC byEquinix, Inc. [press release]
About
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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SOURCE
Michelle Lindeman (Americas), +1 (650) 598-6361, mlindeman@equinix.com; Liam Rose (EMEA), +1 (480) 694-7489, liam.rose@eu.equinix.com; Lorraine Little-Bigelow (Asia-Pacific), + (852) 2970 7742, llittlebigelow@ap.equinix.com; Equinix Investor Relations Contacts, Katrina Rymill, +1 (650) 598-6583, krymill@equinix.com; Paul Thomas, +1 (650) 598-6442, pthomas@equinix.com