Market News

Equinix Announces $1b Acquisition of Metronode's Data Centers

This week, industry news headlines were ablaze with the announcement that Equinix has agreed to part with over $1 billion to acquire Australian data center operator, Metronode.In an all-cash transaction, the deal will see Equinix add 10 data centers to its suite of Australian facilities across Sydney, Melbourne, Brisbane, Perth, Adelaide, Canberra and Illawarra.Boasting approximately AUD $60 million in revenues in the 12 months ending 30th September 2017, Metronode was also recently revealed as the #4 Most Resilient Data Center Operator in the world in Cloudscene's Fast 50 list.Equinix claims the acquisition will strengthen its leadership position across the Asia Pacific region and "support its ongoing global expansion."For the last three quarters, Equnix has dominated Cloudscene’s quarterly Data Center Operator Leaderboard, taking out pole position in North America, EMEA, Oceania & Asia.With the deal expected to formally close in July 2018, the additional facilities will bring Equinix's total data center count in Australia to 15 and a total of 40 in APAC."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," said Samual Lee, President of Asia Pacific, Equinix.Equinix has also revealed that Metronode's Perth site will be home to the landing station for the new Vocus Australia Singapore Cable. This, combined with the existing submarine cable deployments in Sydney, will position Equinix strongly as a "leading provider of access to intercontinental connectivity".To find out more about Equinix, Metronode or the Australian data center market, take a look at the company and market profiles on Cloudscene:

In related news, the rumor mill went into overdrive this week after the Wall Street Journal reported that talks were underway for the $1b sale of Infomart Data Centers. It's understand that private-equity firms, infrastructure investors and strategic buyers have expressed interest in the wholesale data center operator.

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