Equinix, Inc. the global interconnection and data center company, recently made an announcement to acquire Metronode group of companies, an Australian data center business, in an all-cash transaction valued at US $792 million or A$1.035 billion.
“The acquisition of Metronode helps Equinix to accelerate the expansion of our global footprint and support our customers in the region as they move their infrastructure to the edge, closer to their customers and partners.” – Samuel Lee, President of Equinix Asia-Pacific.
Metronode is one of the leading data center providers in Australia and manages mission-critical information and communication infrastructure for leading organizations, government, IT and telecommunications service providers.
The acquisition will help Equinix expand its already strong datacenter network in the APAC region and further fuel its global expansion. With this acquisition, Equinix will add 10 new datacenters, strengthening its position in Melbourne and Sydney, and will add new presence in Canberra, Perth, Brisbane and Adelaide. This will make Equinix’s total IBX data center count in Australia to reach 15 datacenters.
Equinix will get the 80,000 square meters capacity of Metronode, and an additional facility to build and extend capacity in future. The company will also be able to diverse its location in its existing Melbourne and Sydney metros, with the capability to manage hyper-scale infrastructure and thus will be able to meet the need of high-growth global cloud service providers.
The acquisition will expand the Asia-Pacific coverage of Equinix to 40 data centers, and to 200 datacenters in 52 markets, globally.
The global rise of Equinix will make it the ideal choice for many cloud service providers, who want to expand their operations across the globe. Recently, Kingsoft Cloud Holdings Limited, the leading Chinese software and internet service provider, had selected Equinix IBX data centers in Singapore to support its expansion plans in Southeast Asia.
Equinix, earlier this month, had announced launching the Inter-metro connectivity framework to connect its globally spread IBX datacenters.
The acquisition is expected to close in the first half of 2018, subject to various customary conditions.