Equinix Expands to India with Acquisition of GPX India
The acquisition will extend Platform Equinix® to
According to McKinsey, core digital sectors in
- Under the agreement,
Equinixintends to acquire GPX India's business consisting of a fiber-connected campus in Mumbaiwith two data centers, adding more than 1,350 cabinets, with an additional 500 cabinets at full buildout. The facilities will add more than 90,000 square feet of colocation space to Platform Equinix when fully built.
- GPX India offers a cloud dense environment and access to major cloud services, including Amazon Direct Connect, Google Cloud Dedicated Interconnect and Oracle Cloud Infrastructure FastConnect. GPX India also has an interconnection solution that enables customers to connect to multiple cloud platforms designed to address the vast appetite for cloud services in the country where the cloud services market is expected to grow threefold to more than
US$7.1 billionfrom 2018 to 2022.2
- GPX India facilities also host key internet exchanges such as Mumbai IX-DECIX, AMS-IX India, Extreme IX and Bharat IX, allowing ISPs, carriers, CDNs and large enterprises to exchange internet traffic.
- Globally, Platform Equinix comprises more than 210 data centers across 56 metros and 26 countries, providing data center and interconnection services for over 9,500 of the world's leading businesses, including more than 50% of Fortune 500 companies. Today,
Equinixoperates 46 IBX data centers in Asia-Pacificacross 13 metros in Australia, China, Hong Kong, Indonesia, Osaka, Seoul, Singaporeand Tokyo.
- J.P. Morgan,
Cyril Amarchand Mangaldasand Deloitte Touche Tohmatsu India LLPacted as advisors to Equinixin connection with this transaction.
John Dinsdale, Chief Analyst & Research Director, Synergy Research Group:
"The data center market in
Indiais expected to exceed US$1 billionin 2020 and grow at 12% compound annual growth rate (CAGR) from 2019-2024, the third highest rate in the world. Our forecasts show that the country will become the seventh largest data center market in the world in 2021." Charles Meyers, President and CEO, Equinix:
Indiarepresents the second largest internet user base in the world, with consumption expected to grow with the continued advancement of internet infrastructure, smartphone ownership and the penetration of 4G and 5G. Extending Platform Equinix to Indiahas long been a strategic objective for Equinixand we are excited that the GPX transaction will allow us to capitalize on this market opportunity and meet the needs of our customers as they seek to expand their digital businesses. The acquisition of GPX's business in Indiameans we are able to make a giant leap forward in terms of growing our ecosystem in India, and gives us a solid foundation for rapid growth and expansion in the country. This acquisition follows the recent announcement of our planned expansion in Canadaand is a testament to our continued focus on expanding our global reach as companies continue to view interconnection at the digital edge as a business imperative." Jeremy Deutsch, President, Equinix Asia-Pacific:
"Over the years, we have consistently received high levels of interest from our customers about servicing their interconnection needs in
India. Today's announcement will further strengthen our leadership position in the Asia-Pacific regionand directly meet the stated needs of our global customers to support them as they invest and expand in India. With McKinsey identifying Indiaas the second fastest growing digital economy, more and more Indian companies will begin to embark on their digital transformation journeys, driving up the demand for data center and interconnection services in the country.3 As major cloud players establish themselves in the market, this move will provide enterprises with the infrastructure they need to embrace rapidly growing trends such as hybrid multicloud and digitization and the ability to interconnect with people, locations, cloud services and data across the world to digitally transform their businesses." Manoj Paul, Managing Director, GPX Global Systems, India Ltd.:
"We are excited that this acquisition will enable us to join a global leader in the interconnection and data center industry that's fully aligned with our value proposition. This acquisition will allow our customers to expand across the region and globally via Platform Equinix.
Equinixhas been highly successful with enterprises worldwide, the segment which is complementary with our existing customer base of carriers, content and cloud service providers. The appetite from global companies for expansion into Indiais matched by local interest in expanding overseas. This creates a thriving marketplace and by integrating our data centers with Platform Equinix, our customers will have access to a global interconnection platform that can accelerate their business and connect them with customers and partners across the world."
India: Accelerating digital business in an exciting new market [blog]
- IDC MarketScape Report: Worldwide Colocation and Interconnection Services 2019 - 2020 Vendor Assessment [analyst report]
- Equinix Asia-Pacific Data Centers [website]
- Equinix Cloud Exchange Fabric [website]
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 data centers from GPX, 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, risks to our business and operating results related to the COVID-19 pandemic, unanticipated costs or difficulties relating to the integration of data centers or companies we have acquired or will acquire into
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