The data centre industry is consolidating as specialist make acquisitions of assets.
Who: Equinix makes acquisition of TelecityGroup
When: January 2016
Cost: $3.8 billion
Earlier this year, Global interconnection and data centre company, Equinix announced the completion of its acquisition of TelecityGroup. The transaction was valued at around $3.8 billion.
Equinix, which has a total of over 145 data centres worldwide said, the acquisition was to enhance Equinix’s existing data centre portfolio, adding seven new markets in Europe and also provides customers with more ways to connect with other businesses around the world on Platform Equinix.
With over 40 data centres, Telecity’s locations more than doubles Equinix’s capacity in Europe. It was also to expand the company’s interconnection platform in key European markets.