Equinix Closes Telecity Acquisition Equinix’s global interconnection platform now reaches 40 metros including seven new metros in Europe
Equinix has acquired TelecityGroup in a transaction valued at approximately $3.8 billion (£2.6 billion). The addition of TelecityGroup’s 40+ data centers more than doubles Equinix’s capacity in Europe, fortifying its position as the largest retail colocation provider in the region.
The acquisition expands the company’s interconnection platform in key European markets while also adding 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 order to meet changing business needs, global enterprises continue to outsource IT, but increasingly require connectivity to service providers and business partners in multiple markets – a key benefit of Equinix’s global interconnection platform.
Steve Smith, President and CEO, Equinix said, “By increasing the scale of the Equinix interconnection platform in key markets throughout Europe, we are able to better serve global enterprises while creating meaningful shareholder value.”
John Hughes, Outgoing Executive Chairman, TelecityGroup, and Board Member, Equinix said, “The combination of Equinix and Telecity gives businesses more choice for interconnection, which is increasingly important in this highly digital age, when customers rely on connectivity to drive competitive advantage.”
